Iron ore prices hit six-day highs, but rally won’t last say experts
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
Cecilia Jamasmie , Editor-in-Chief
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South African gold sector to table wage offer next week
The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.
Zambia to slash royalties, reinstate mining tax
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
Opposition to Sirius Minerals $3bn potash project in national park builds up
The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.
Amplats axing over 400 jobs in South Africa
Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
Gold hit by Fed’s Powell comments on rate hikes
Gold futures for August delivery declined for the third day Tuesday, hitting $1,177.30 an ounce in early trading on the Comex in New York.
Chile may revoke Teck’s copper mine permit over environmental breaches
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
Australia’s Paladin Energy gets historic ok to run uranium mine in Canada
Until now Canadian companies needed to have at least 51% stake in any uranium project.
Firestone Diamonds delays Lesotho mine launch
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
Kameron Collieries closer to reopen massive coal mine in Canada’s Nova Scotia
In recent months the mine has been pumped out and now the company is working on fixing existing power lines and bringing equipment to the site.
Southern Copper maps route to 1.06M tonnes by 2029
Record earnings and Tia Maria progress underpin Southern Copper's plan to top one million tonnes of copper output.