Orvana squeaks out $3m profit in Q2, moves into Argentina
The company recorded net income of $3.3m on $36m in revenue during the past quarter, compared with a net loss of $3.5m on $37m in revenue during the year-ago quarter.
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Over 40% of minority shareholders of Turquoise Hill oppose independent directors
Sailingstone, its second biggest investor, flagged its vote in an open letter last month, citing governance issues and the board's lack of engagement with minority investors.
BHP says Jansen potash mine ‘remains attractive option’
Top global miner tells investors it can mine potash for only $100 a tonne at $7 billion Saskatchewan fertilizer project.
Barrick Gold prepping sale of Zambian copper mine in H2
The world's second largest bullion miner is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers.
BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
South Africa’s Kumba Iron Ore sees higher H1 headline profit
The company said on Tuesday first-half headline earnings is expected to rise at least 160%, boosted by higher iron ore export prices and a weaker rand/US dollar exchange rate.
Brazil’s Vale says may expand Carajas Serra Sul mine, doubling output
Vale expects to produce 75 million tonnes this year from the S11D operation in Carajas Serra Sul, its biggest mining project ever.
US faces hurdles in push to build electric vehicle supply chain
The US faces stiff challenges as it moves to create its own electric vehicle supply chain, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.
Rio Tinto may start mining lithium in Serbia by 2023
No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.