November 6, 2020

MINING.COM MINUTE: Biggest stories of the week

China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine

November 6, 2020

China’s Australian copper ban seen hurting smelters in TC/RCs talks

Ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021.

November 6, 2020

Sumitomo to resume Ambatovy operations early 2021

The company also reported a record net loss of 60.2 billion yen ($583 million) for the first half of its financial year.

November 6, 2020

Codelco to search for lithium at Chile’s second-largest salt flat

Environmental regulators in Atacama have approved the miner's lithium exploration campaign at Maricunga.

November 5, 2020

Franco-Nevada posts record Q3 revenues, income

In the quarter, the company sold 134,817 gold-equivalent oz. (GEO), at cash costs of $290 per GEO.

November 5, 2020

Kinross shares up on Q3 results

Company reported production of 603,312 attributable gold equivalent ounces in the third quarter of 2020.

November 5, 2020

Chile copper output costs plunged in first half

Country's copper mining industry, the world's largest, saw a 17% drop in its production costs.

November 5, 2020

Albemarle moves ahead with expansions despite lithium market weakness

The world’s no. 1 lithium miner expects to commission its expansion projects in Western Australia and Chile next year.

November 5, 2020

Barrick raises dividend as profit soars on strong gold prices

The world's second largest gold miner benefitted from a surge in prices fuelled by widespread coronavirus stimulus measures unveiled globally.

November 5, 2020

Turquoise Hill takes Rio Tinto to arbitration over Mongolia mine funding

The Canadian miner seeks to clarify Rio Tinto's role and obligations related to additional funding needed to complete the Oyu Tolgoi expansion.