MP Materials swings to quarterly profit on rising rare earths prices
The company reported second-quarter profit of $27.2 million.
Latest Stories
Rio Tinto’s Holden mine remediation leads to land conservation in Washington State
The Holden mine has been closed since the 1950’s. Rio Tinto assumed financial responsibility for remediation when it acquired Alcan.
Bonterra hits 57 g/t gold over 0.5 metre at Gladiator
The results are from the ongoing expansion drill campaign the company is conducting as it prepares a PEA by the end of the year.
Wallbridge infill drilling at Fenelon hits more good grades
The company has drilled about 260,000 metres within the last three years.
BHP board approves $544 million spend for Shenzi North oil project development
Production is expected to begin in the 2024 financial year.
Mining People: Apollo, BMEX, Cerrado, Kodiak Copper, Outcrop, Sherritt, Tectonic
Key moves in the mining industry.
Iron ore price plunges as Chinese demand softens
The most active iron ore futures on the Dalian Commodity Exchange plunged as much as 5.6%, hitting the lowest since May 27.
Diamond sales at De Beers’ Botswana unit rebound as global market recovers
Exports of diamonds from Debswana stood at $1.702 billion in the first half of the year.
Novo Resources’ Nullagine gold project reaches record monthly production
Production reached 8,589 oz in July, a 46% increase over June.
