October 28, 2022

Teck Resources hikes cost of QB2 copper project in Chile again

Quebrada Blanca phase 2 is now expected to cost $7.4bn to $7.75bn, up from a July guidance of $6.9bn to $7bn, and an earlier estimate of $4.7bn.

October 27, 2022

Vale Q3 net beats estimates, helped by forex gains

The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.

October 27, 2022

Grupo Mexico posts narrower quarterly profit as mining sales fall

Revenues stood at $3.12 billion, down 14.6% from the year-ago period and missing a Refinitiv forecast of $3.19 billion.

October 27, 2022

Ivanhoe awarded new exploration rights next to Platreef project on South Africa’s Bushveld Complex

The new exploration rights form a continuous block on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop.

October 27, 2022

Higher-grade ore boosts De Beers diamond output

Production of rough diamonds climbed 4% to 9.6 million carats in the third quarter of the year, compared to the same period of 2021.

October 27, 2022

Brucejack remains suspended after fatality

Mine in British Columbia remains suspended pending an investigation into the death of a worker from contracting partner Procon.

October 27, 2022

Glencore to stick with Rusal’s aluminum in 2023

European business groups representing consumers oppose any restrictions against Russian aluminum, saying they could put thousands of companies out of business.

October 27, 2022

BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants

By discharging over 3 billion tonnes of carbon dioxide a year, the steel industry accounts for 7-9% of global greenhouse gas emissions.

October 27, 2022

Anglo American Q3 production flat as copper’s drop offsets upbeat coal output

Anglo American's quarterly output grew 16% from the previous three months led by the robust coal and diamond operations.

October 27, 2022

Teck exits oilsands with C$1bn sale of Fort Hills stake to Suncor

The all-cash deal, effective Nov. 1, will boost Suncor’s aggregate share in the northern Alberta operation to more than 75%.