Chalco’s net profit soars on higher aluminium prices
Chalco increased net profit by 274 percent last year as supply-side reforms and an environmental crackdown lifted aluminium prices.
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BMW mining deals shelved until EVs can be mass-produced
The German luxury vehicle maker said mass production of EVs is not viable until 2020 when its proprietary electric drive technology is expected to be profitable enough.
Guinea: Mining firms will remain key target for anti-government protesters
Anti-government sentiment is set to further escalate in the run-up to the legislative election in September, and mining firms are likely to experience even more disruption as many blame them for the state’s failure to contribute to their wellbeing.
Rio sells one of latest coal assets in Australia for $200 million
Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.
Apollo Minerals expands in the Pyrenees
The company has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida.
RNC mulls selling Aussie mine to focus on massive cobalt-nickel project in Quebec
The company's Dumont cobalt and nickel project in Quebec is the world’s largest undeveloped reserve of both metals, with over 1 billion tonnes of reserves and a 33-year mine life.
Nova Scotia’s Mining Association applauds Government push for a Mineral Resources Development Fund
The Mining Association of Nova Scotia (MANS) is pleased the new provincial government budget provides funding to establish the Mineral Resources Development Fund (MRDF).
Brazilian pension funds to sell stakes in Vale
The share sale may be worth up to $2.4 billion if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake.
Barrick Gold yet to feel the heat in Zambian tax crackdown
The Toronto-based company, which operates the Lumwana mine, hasn’t received any notifications from the tax authority.
