Australia’s South32 posts 18% jump in half-year profit
A surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.
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Newcrest Mining H1 profit surges 104% on strong gold production
The rise was buoyed by an increase in gold production and lower cost of mining.
Quebec lithium developer’s stock craters after cost blowout
The company has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant upward by C$375 million.
BMO: Silvercrest Metals could be ‘takeover candidate’
SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
First Cobalt extends mineralization at Iron Creek in Idaho
Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.
Regency Gold enters the vanadium exploration space
The interest behind its acquisition of all of Vanadium North Resources' shares is the Valley of Vanadium project in the Northwest Territories.
BHP’s board approves funding for BP-led U.S. oil project
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
Strike over job losses compounds South Africa blackout woes
While South Africa has suffered electricity shortages for more than a decade, the utility is at a crisis point and is seen as the biggest threat to the economy.
SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.
