January 31, 2024

Polymetal CEO says new shareholder will expedite Russian asset sale

Russian and Chinese companies were among interested buyers.

January 31, 2024

Barrick to spend $136 million on failed Pascua-Lama project

According to the EIA submitted to Chilean regulators, Barrick wants to adapt the closure plan to restore surface and underground water flows.

January 30, 2024

Rob McEwen seeks $100 million for Argentina copper mine as Milei boosts prospects

The idea is to secure fresh funds within six months for feasibility and engineering work at the Los Azules project.

January 30, 2024

Vale cranks up iron mining just as demand concerns resurface

The Brazilian mining giant is accelerating production, posting its best December in five years.

January 30, 2024

Lion Copper delivers positive PEA for Rio Tinto-backed Yerington project

The integrated Yerington project has a post-tax net present value (at a 7% discount) of $356 million and an internal rate of return of 17.4%.

January 30, 2024

Lithium miners warn on plunging profits after price freefall

Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry.

January 30, 2024

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The entire Simandou project will be completed and put into operation in 2026, Baowu said in the document.

January 29, 2024

Vale’s 2023 iron ore output tops guidance, but sales fall

The company produced 89.40 million metric tons of iron ore in the last three months of 2023.

January 29, 2024

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

The Minas Gerais state prosecutor general says the companies risk paying a lot more in court.

January 29, 2024

First Quantum to sell 120,000 tons of copper in Panama mine

The miner said selling the copper concentrate is the best alternative to generate resources to cover the costs.