Billionaire Adani’s copper plant said to be beset by problems
The Kutch plant has yet to produce meaningful volumes of copper as a result of the engineering trouble, and closed for repair work in late March.
Latest Stories
Central banks ‘scoop up a load’ of gold in bumpy first quarter
Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous quarter.
India’s gold investment demand tops jewellery for first time ever in March quarter
Investment demand in the March quarter surged 52% from a year earlier to 82 metric tons.
Vedanta’s quarterly profit nearly doubles on metal price surge
Its aluminum business is the biggest in India and contributes to nearly 40% of the company's revenue.
Mining deals hit $21.6B in strongest Q1 since 2023
Quarterly mining M&A reaches record as firms chase secure supply chains and pivot toward strategic partnerships globally.
Alphamin posts record profit, boosts dividend payout
High-grade assets and strong tin prices drive Alphamin’s rising output, margins and shareholder returns.
First Quantum loss widens on costs, output dips
Costs are rising, but First Quantum is betting on volume growth and Panama’s stockpile processing to shift momentum later this year.
Vale posts 36% rise in Q1 profit on more sales, higher prices
Net profit in the January-March period came in at $1.89 billion, below the $2.05 billion predicted by analysts.
Grupo Mexico reports Q1 profit up 57%
Revenue for the group, a top copper producer, increased to $5.57 billion in the quarter.