February 9, 2021

Sumitomo Metal lifts profit forecast on higher metals prices

The company now predicts a net profit of 78 billion yen ($739 million) for the year, against its previous guidance of 46 billion yen.

February 9, 2021

AngloGold Ashanti forecasts earnings to almost triple as gold prices surge

The gold miner expects to report headline earnings per share between 229 cents and 247 cents for the year ended Dec. 31, 2020, compared with 91 cents reported a year…

February 9, 2021

Equinox expects production growth in 2021, eyes 1moz by 2023

The company is expecting gold production of 600,000 to 665,000 oz this year, a 33% increase over last year.

February 8, 2021

Gahcho Kué, Brucejack mines grapple with covid outbreaks

Pretium Resources reported an outbreak of nine covid-19 cases at its remote Brucejack gold mine in British Columbia.

February 8, 2021

Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi deal

Rather than acting unilaterally, the government has asked Rio to mutually terminate the current contract.

February 5, 2021

BHP, Vale’s disaster relief fund to increase spending by 25% in 2021

The Renova Foundation will spend $1 billion this year.

February 5, 2021

Tsingshan to finance bulk of $2.8bn Indonesia copper smelter with Freeport

The smelter could produce copper pipes and wires with an output value of $10 billion.

February 5, 2021

Zambia is done for now with taking over mining companies

Zambia last century had a painful experience with mine nationalization.

February 5, 2021

Northam said to consider bidding for Bokoni platinum mine

The interest in Bokoni may suggest that higher metals prices are rekindling investors’ interest in reviving some of the mines in South Africa.

February 5, 2021

Rio Tinto issues mea culpa over Indigenous leadership upset

It said it should have better communicated to the Australian Aboriginal group whose ancient rockshelters it destroyed of the recent management reshuffle.