April 30, 2020

Nornickel draws on credit lines to build cash buffer

Earlier, the company reported a fall in first quarter palladium and nickel output.

April 30, 2020

China Moly shrugs off South Africa port disruption as DRC cobalt sales rise

Copper output from Tenke Fungurume was up 5.4% at 42,694 tonnes in the first quarter.

April 30, 2020

Glencore joins mining industry’s rush to cut spending

Swiss miner and trader reduces capital expenses by $1 billion, outlines production impact of covid-19.

April 30, 2020

Codelco raises $800 million to face crisis

Chile’s state-owned copper miner said it received more than 320 orders, worth $10.6 billion, the highest ever for a Codelco bond.

April 29, 2020

Newcrest quarterly output drops almost 17%

Production in Q3 totalled 518,770 oz, about 45,000 oz lower than analyst estimates.

April 29, 2020

Rusal alumina plant in Ukraine may temporarily suspend output

The plant said its supplies of bauxite had fallen to critical levels and may soon be unable to maintain production on a four-day week basis.

April 29, 2020

De Beers donates $200,000 to women’s support organizations in fight against covid-19

The donation will be split equally across Botswana, Canada, Namibia and South Africa.

April 29, 2020

Vale cuts capex as coronavirus hinders operations

Vale plans to cut its capital expenditure this year to $4.6 billion from $5 billion.

April 29, 2020

Russian metals and mining firms reduce investment

Alrosa may review its 2020 production plan from the current 34.2 million carats as the pandemic hits its sales.

April 29, 2020

Vale mulling offers for New Caledonia nickel assets

The nickel operations, the world's largest, have been on the block since December.