India state may cancel NMDC’s Donimalai mine lease in levy dispute
Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9.
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Supreme Court to hear appeal in Innu-Rio Tinto dispute
The Innu First Nations filed their lawsuit in 2013, seeking compensation of $900 million.
Endeavour increases indicated resource 90% at Kari Pump
The company has now upgraded 90% of its Kari Pump resource to the indicated category.
Sandstorm Gold board approves $18m share buyback, shares jump
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.
Sinking shipping gauge signals trouble for iron ore, coal price
Rates for dry bulk cargo carriers have collapsed 70% since August.
Wheaton Precious Metals shares drop after reporting third quarter results
Adjusted net earnings were $35 million, a 49% drop from $67 million in net earnings in the third quarter of 2017.
Glencore’s Katanga warns of earnings hit if Congo row not resolved
Although Katanga said that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled.
Chile trims its 2018, 2019 copper price forecasts
Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.
Ghana to raise $750m through London IPO of minerals fund
Ghana will seek to raise $750m through a sale of shares in a fund that will hold the West African nation’s stakes in mining companies and receive royalties.