MINING.COM

Australian hedge fund bags 74% gain on millennials and iron

“One of the things we really like in the mining sector at the moment is that large companies like Fortescue are returning cash to shareholders, and not investing in new capacity"

Bloomberg News | June 19, 2019 | 1:44 pm

America’s two coal giants join forces as their market wanes

Arch Coal Inc. and Peabody Energy Corp. are combining mines in Wyoming and Colorado through a joint venture.

Bloomberg News | June 19, 2019 | 1:34 pm

Jervois completes M2 Cobalt buyout, expands into Uganda

Acquiring M2 Cobalt gives Jervois access to the historical Kilembe mine and Kasese cobalt refinery in Uganda.

MINING.COM Staff Writer | June 19, 2019 | 12:22 pm

Chinese firms plan rare earth manufacturing hub in Hebei

A group of Chinese firms have jointly established a rare earths innovation centre in the country's Hebei province as part of a plan to develop a manufacturing base in the region.

Reuters | June 19, 2019 | 9:27 am

Malaysia postpones meeting with Australia on Lynas waste

The Malaysian environment ministry has said it wants to discuss ways to manage the low-level radioactive residue produced by Lynas at its rare earth processing plant.

Reuters | June 19, 2019 | 9:27 am

African banks to fund construction of world’s biggest marine diamond mining vessel

The AMV3 has the capacity to add 500,000 carats of annual production from 2022, and is expected to contribute 2 billion Namibian dollars a year in taxes and royalties to the Namibian treasury.

Reuters | June 19, 2019 | 9:15 am

Congo deploys army to protect China Moly’s copper mine from illegal miners

The Tenke Fungurume mine is one of the largest in Democratic Republic of Congo, which is Africa's leading copper producer and the world's top miner of cobalt.

Reuters | June 19, 2019 | 9:14 am

Rio Tinto axes iron ore full-year forecast again

It now expects to produce between 320 and 330 million tonnes of the steel making ingredient in 2019, down from a previous guidance of 333 to 343 million tonnes.

Cecilia Jamasmie | June 19, 2019 | 8:49 am