October 26, 2020

MMG slashes guidance for Las Bambas by over 10%

Company anticipates production of 305,000-315,000 tonnes this year, while cautioning that a “high degree of operational uncertainty remains.”

October 26, 2020

Barrick and NovaGold report assays from 2020 drill program at Donlin

Donlin contains about 39 million ounces of gold grading 2.24 grams gold in the measured and indicated categories, making it one of the largest and highest grade undeveloped open pit…

October 26, 2020

Nornickel to consider 9-month dividend, looks to limit payments

Company should keep its dividend payments for 2020 to a mininum level, co-owner and top shareholder Vladimir Potanin told Reuters.

October 26, 2020

Alrosa to combine all cutting, polishing facilities into single entity

The top diamond miner by output wants better rough diamond allocation and streamlined production processes.

October 26, 2020

Nordgold-Shandong bidding war for Cardinal heats up

Nordgold says Cardinal is misleading its shareholders by suggesting that a higher offer from Shandong can be unlocked.

October 23, 2020

South32 moves towards a low-carbon future

Karen Wood, chair of the board, told McKinsey the covid-19 pandemic has led broader industry to become more focused on the importance of the social element.

October 23, 2020

Brazil prosecutors accuse BHP, Vale of colluding to reduce payouts to disaster victims

A mining waste dam burst in 2015 at BHP and Vale's Samarco joint venture in the town of Mariana, releasing a torrent of sludge that killed 19 people.

October 23, 2020

Buritica gold mine in Colombia officially opens

Commercial operation will begin in December, and the government hopes it will boost gold production by 25%.

October 23, 2020

Rio asks court to OK sale of Dominion’s diamonds

The company is hoping to recover around C$120 million plus legal fees and other costs.

October 23, 2020

Global copper production to increase in 2021 after two years of declines: ICSG

ICSG estimates a deficit of about 50,000 tonnes of copper this year and a surplus of about 70,000 tonnes in 2021.