North America helps Sandvik to weather weaker Asia
In Sandvik Machining Solutions growth was moderate at a low single digit pace, impacted primarily by a decline in Asia and slower activity in the automotive segment
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Western Australia claims BHP owes up to $215m in underpaid iron ore royalties
"The State Government is negotiating with BHP to resolve the matter in the best interests of the State"
China’s coal output hits highest in over 3 years as mines start up
"It is now possible that Shaanxi will implement the strictest-ever regulations on illegal production, which would significantly reduce output in the province for the year," - Wood Mackenzie
Global Energy Metals buys cobalt project near Tesla gigafactory
The Vancouver-based miner is acquiring an 85% interest in the Lovelock cobalt mine and the Treasure Box project.
Alrosa names new executive to lead US business
Rebecca Foerster, former Vice President of Strategic Planning and Marketing at Leo Schachter Diamonds, was appointed President of Alrosa USA Inc.
Barrick mulls selling Zambia copper mine over higher taxes
While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.
American Lithium adds vanadium asset to Nevada’s projects mix
Canadian junior has agreed to buy Alaska Nevada Mining’s 100% interest in the Extinction Ridge vanadium project in Nevada, USA.
BHP said to owe $215m in underpaid iron ore royalties to Western Australia
State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.
Australia’s MOD rebuffs Sandfire’s $63m takeover bid, but willing to negotiate
MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.
