Blow to iron ore price as Chinese steelmakers opt for scrap
Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.
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China’s Zijin pays off stake in Ivanhoe’s Congo copper project
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
Low copper prices force Codelco to revise underground expansion of Chuquicamata
Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.
Dominion Diamond to seek permits for underground project at Ekati in Q3
The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.
Report blasts Antofagasta’s Minera Los Pelambres
Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.
Gold prices climb
The yellow metal experienced it largest weekly gain since mid-April.
Anjin employees still waiting for termination benefits
The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.
Diamond ring bought for £10 now worth thousands
The owner had no idea if the ring had any intrinsic value at all.
Rio Tinto launches new debt reduction programme
The company said that today’s announcement is part of its ongoing capital management plan.
