Paulson seeks immediate resignation of Detour Gold’s CEO
The company "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable to exaggerate cash flows."
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Germany’s K+S axes earnings guidance as severe drought hits production
The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.
Silver Range to sell Nevada gold mine
Silver Range sampled the back of a collapsed stope in the Gold Chief property and the results returned 14 m at 1.93g/t gold including 4 m at 3.86 g/t gold.
Zinc One receives positive results from Peruvian project
Results are from the Bongará Zinc Mine located in north-central Peru.
Botswana Diamonds buys Alrosa’s stake in Sunland Minerals JV
The company acquired the remaining 50% in the joint venture from its previous partner and said negotiations were already advanced with an unnamed potential new associate.
Antofagasta approves $1.3B expansion of Los Pelambres mine
The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.
Vale holds talks to expand world’s biggest open-pit iron mine
While the project known as S11D isn’t scheduled to hit its 90-million-ton capacity until 2020, China’s appetite for the mine’s low-cost, high-grade ore continues to grow.
Miners’ spending on hunt for copper, EV metals hits $10 billion
Budgets jumped about 19%, outpacing last year’s gain.
Paulson & Co keeps stake in gold investments during Q3 -filing
New York-based Paulson & Co maintained its stake as spot gold prices declined more than 5%
