LME data to support end to open outcry is misleading, brokers say

Brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor exaggerates the use of electronic platforms during coronavirus lockdowns.

Reuters | February 26, 2021 | 8:03 am

Price surge abates but silver has more friends than ever

This month’s crowd surge on the silver market quickly dissipated after the price lost momentum above the $30-per ounce level and fell back just as sharply as it had risen.

Reuters | February 26, 2021 | 7:53 am

Vale books hefty dam disaster charges, but bullish about core earnings

Company logged $4.9 billion in provisions related to the Brumadinho dam disaster in quarterly earnings.

Reuters | February 26, 2021 | 7:42 am

Codelco reports bumper year for profits despite pandemic

Company upped output from its own mines by 2% in 2020 to 1.618 million tonnes, despite strict covid-19 measures.

Reuters | February 26, 2021 | 7:34 am

Alrosa puts walnut-size diamond up for sale

The 242-carat diamond is one of the largest gem-quality ones mined by the Russian company since 2000.

Cecilia Jamasmie | February 26, 2021 | 7:09 am

Santacruz Silver to pay $20m for Zimapan mine in Mexico

The Canadian miner’s subsidiary signed a definitive agreement to acquire the asset from Industrias Peñoles.

MINING.COM Staff Writer | February 26, 2021 | 6:11 am

Canada losing ground on new mining projects – report

The Mining Association of Canada says the total 10-year projected value of $82 billion for new projects remains nearly 50% below the 2014 level of $160 billion.

MINING.COM Staff Writer | February 26, 2021 | 6:06 am