Zambia orders Vedanta unit to get rid of Chilean copper
The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
US coal industry’s cost cuts not enough to offset weak prices
Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.
Vietnam begins construction of region first potash mine
The mine, to produce 320,000 metric tons of potash salt per year, is expected to help reduce the country's reliance on imported fertilizers.
Anglo American completes sale of Chile copper mines
The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.
Botswana may soon have its first uranium mine
As Australian firm A-Cap Resources has applied for a mining licence for its flagship Letlhakane project.
World’s largest diamond producer Debswana slashes output target
The company, a joint venture between Botswana and De Beers, said the measure follows a downturn in the global diamond market.
IEA predicts huge collapse in US oil output next year
The agency believes U.S. tight oil supply will sink by nearly 400,000 barrels a day in 2016.
University of California sells off $200 million in coal, oil sands assets
Chief Investment Officer Jagdeep Bachher said the assets were no longer good investments for the university's $98.2 billion fund.
Chile’s Codelco to cut top positions in response to weak copper prices
Chief executive Nelson Pizarro warned Codelco is ready to “cut costs to the bones,” and revealed the layoff process has already started.
Duke Energy, U.S. Gov’t end 15-year-old Clean Air Act litigation
The company still denies the alleged violations, but has agreed to settle the case solely to avoid the costs and uncertainties of continued litigation, it said.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
