BHP board approves $544 million spend for Shenzi North oil project development
Production is expected to begin in the 2024 financial year.
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Mining People: Apollo, BMEX, Cerrado, Kodiak Copper, Outcrop, Sherritt, Tectonic
Key moves in the mining industry.
Iron ore price plunges as Chinese demand softens
The most active iron ore futures on the Dalian Commodity Exchange plunged as much as 5.6%, hitting the lowest since May 27.
Diamond sales at De Beers’ Botswana unit rebound as global market recovers
Exports of diamonds from Debswana stood at $1.702 billion in the first half of the year.
Novo Resources’ Nullagine gold project reaches record monthly production
Production reached 8,589 oz in July, a 46% increase over June.
China will restart coal mines in northern provinces as power demand surges
Operations will restart for a year at 15 coal mines across northern provinces.
Biden sets US goal for clean cars to be half of 2030 sales
Administration is crafting greenhouse gas-reduction standards and fuel economy requirements for vehicles.
Albemarle doesn’t expect Biden’s EV order to shift lithium demand
The world’s largest lithium producer posted a nearly five-fold jump in quarterly income on Wednesday.
Centamin’s profit falls, mulls sale of Burkina Faso project
Gold miner posted a 39% fall in first-half pretax profit on Thursday, as a drop in its production outweighed an improvement in pricing.
