MINING.COM

Steinmetz’s BSGR bankruptcy fends off Vale’s $2B award

Billionaire Beny Steinmetz’s mining company has sought bankruptcy protection in the US, two months after losing a $2 billion arbitration award to Brazilian mining giant Vale.

Bloomberg News | June 4, 2019 | 3:02 pm

Codelco leads $11 billion mining capital raising in 2019

Chilean state-owned copper mining giant completed $1.3 billion bond issue during the first quarter.

MINING.com Editor | June 4, 2019 | 2:41 pm

US report urges steps to reduce reliance on foreign critical minerals

The Commerce Department on Tuesday released a report requested by President Donald Trump in December 2017, when he asked officials to look into U.S. access to so-called rare earths.

Reuters | June 4, 2019 | 2:37 pm

Panama president-elect says he will review contract with First Quantum

Panamanian President-elect Laurentino Cortizo said on Tuesday his incoming government would review a contract awarded to a subsidiary of Canadian miner First Quantum Minerals.

Reuters | June 4, 2019 | 2:04 pm

Global economic growth downgraded to 2.6% in 2019 — World Bank

Global growth in 2019 has been downgraded 0.3 percentage point below previous forecasts, reflecting weaker-than expected international trade and investment at the start of the year, the World Bank says.

MINING.com Editor | June 4, 2019 | 1:06 pm

Venezuela is said to default on gold swap with Deutsche Bank

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank, prompting the lender to take control of the precious metal which was used as collateral.

Bloomberg News | June 4, 2019 | 12:52 pm

Sandspring PEA pegs Toroparu production at 4.5moz over 24 years

The project contains one of the largest in-situ gold reserves and resources owned by an independent junior mining company in South America.

Jackson Chen | June 4, 2019 | 11:14 am

Capstone sells Minto mine to Pembridge for $20m

Capstone has entered into an agreement to sell the Minto copper mine in Yukon to Pembridge Resources.

Jackson Chen | June 4, 2019 | 10:24 am

Australia’s Clean Teq to offload half of battery metals project

Australian mine developer Clean Teq said on Tuesday it was looking to sell a stake in its nickel, cobalt and scandium project in central New South Wales.

Reuters | June 4, 2019 | 10:18 am

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