Africa’s largest iron ore miner hit hard by weak prices
While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.
Cecilia Jamasmie , Editor-in-Chief
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CME/Thomson Reuters win race to replace London silver fix
The race to replace the 117-year-old London silver price fix is finally over.
Gold smuggling into India hits record highs
Officials estimate they have seized four times more gold in the first quarter of the current fiscal year (April to June) than in the same period last year.
Nova Scotia mines again producing gold, jobs
Gold mining enjoying major comeback in the province.
Gold and silver shining bright—hit three-month highs
Platinum and palladium were also dragged higher by gold.
Canada’s diamond industry icon sells last stake in Ekati mine
Charles “Chuck” Fipke is selling his remaining 10% interest in the mine.
First Quantum resumes construction at Cobre Panama, hunts for new deals
The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.
Mongolia blames Rio Tinto for delays at Oyu Tolgoi
The move aims to shift blame for delays away from the government.
Australia’s big three miners to regain control of iron ore sector
Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.
Job cuts coming to Antofagasta’s freshly combined copper operations
The copper miner controlled by Chile’s billionaire Luksic family, will cut jobs and costs through its new company Minera Centinela.
Panama moves to unlock copper from First Quantum mine
Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama’s stockpiles.