June 28, 2019

Eco Oro pulls out of Colombia gold concession amid legal battle — letter

Eco Oro is the second multinational miner to fully pull out of a major project.

June 28, 2019

India’s gold demand could fall to 3-yr low as prices hit record high

Bullion dealers and jewelers are reporting that sales have dropped to levels more than 50 percent below normal in the past 10 days.

June 28, 2019

China copper importers seek new metal sources as scrap crackdown bites

China has been gradually curbing imports of scrap, which accounted for 10% of its copper use in 2018.

June 28, 2019

Death toll at Glencore’s mine puts spotlight on illegal mining

Workers will go to extreme lengths to break into mine sites in Africa, sometimes tunneling underneath walls or living underground to extract ore with a pick-axe.

June 28, 2019

Elliott-funded Avocet to shut shop in face of high debt

The miner, which has been making losses on an operating basis since at least 2013, had total debt of $32.2 million as at June 30, 2018.

June 28, 2019

Chuquicamata strike to dent Chile’s copper output

Analysts forecast a 2.8% decline in the country’s June copper output.

June 28, 2019

Oil rebound drives Canada’s best 2-month GDP gain since 2017

Canada recorded a second strong month of growth in April, driven by rebounding oil output.

June 28, 2019

Zambian court withdraws order blocking disposal of Vedanta unit assets

The case has intensified concerns among international miners about resource nationalism in Africa.

June 28, 2019

OceanaGold denies shutdown of Didipio copper-gold mine

Australia’s OceanaGold (ASX, TSX: OGC) said Friday that rumours about a halt of operations at its copper-gold mine in the Philippines were just […]

June 28, 2019

Record half-year for renewable energy in Germany

In the first half of 2019 renewable sources accounted for 44% of the electricity consumed in Germany, marking a record high.