Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey
To stay productive, McKinsey warns that miners must maintain fiscal discipline.
Latest Stories
Antofagasta sells electricity transmission business for $117m
Chile-focused miner said proceeds from the sale would enable it to focus on its core activity of producing copper.
Rio Tinto’s ‘world’s largest robot’ delivers first iron ore load
The autonomous train, consisting of three locomotives and carrying around 28,000 tonnes of iron ore, travelled from Tom Price mine to the port of Cape Lambert
BHP makes contract offer to union at Escondida mine in Chile
Labor talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.
Panasonic plans to halve cobalt content of car batteries in 2-3 years
Panasonic has already significantly reduced cobalt content, to about 10 percent in its nickel-cobalt-aluminium cathode chemistry.
Rio Tinto to sell its largest pink diamond
The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender.
Glencore shareholders mull suing firm over corruption, bribery probes
They claim mounting investigations into the firm’s dealings in the DRC, where it’s heavily invested, has made the stock collapse and investors may seek compensation for the losses caused by it.
Rio Tinto sells $3.5bn stake in Grasberg mine to Indonesian state miner
The world’s No.2 miner is selling its 40% in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining company PT Inalum.
Barrick clips 2018 copper production outlook, sees higher costs
Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.
