Turquoise Hill stock crushed after Oyu Tolgoi funding gap swells by $1.2 billion
Rio-owned TRQ says underground expansion funding requirement increases to $3.6bn and open pit metal production delayed beyond 2024.
Latest Stories
Video: Uranium in the stars and on the cards
Uranium got a bad reputation as a fuel used by nuclear plants, but some academics argue nuclear power must be part of the clean energy transition.
Rio Tinto cuts 2021 iron ore shipments forecast on labour squeeze
The miner now expects 2021 Pilbara iron ore shipments between 320 to 325 mt.
Energy crisis, bottlenecks blunt metal rally windfall for miners
The latest leg-up in copper and zinc futures is coming on the heels of a global energy crunch that’s beginning to disrupt the smelters that many miners depend on to process what they pull out of the ground.
Mining People: Forsys, Generation Mining, Intrepid, Mundoro, Nevada Copper, Voyageur
Key moves in the mining sector.
Epiroc wins large mining equipment order in Turkey
Eti Bakir, Turkey’s largest mining company, has ordered a variety of drill rigs, mine trucks and loaders.
Minerva’s Intelligence Driver software wins Axora Technology Challenge
The competition was launched to discover new digital solutions for the metals and mining industries and promised to identify the solution that would best deliver rapid benefits, including full payback, within 12 months.
Glencore looks to recycle electronic metal waste in UK
Glencore will find out this month whether it will be able to build an electronics recycling facility in the UK, which could be operational within 18 months.
Coal India temporarily stops supplies to industrial users
The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk.