Vale CEO hopes to wrap up global dam burst settlement by year-end
On Wednesday, Vale reported a $133 million quarterly loss, confounding analysts expectations of a $2.84 billion profit for the period.
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Indian firms set up JV to mine for lithium, cobalt overseas
Three Indian state-run companies are to form a joint venture to buy mining assets overseas.
Iron ore prices help Rio Tinto fork out $1bn dividend, despite Oyu Tolgoi setback
Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.
Constantine’s underground exploration plan in Alaska green-lighted
The approval allows for 30,000 metres of underground exploration drilling.
Monarch Gold reports mixed results in last quarter
The Quebec-based company said it produced 3,572 ounces of gold in the quarter that ended on June 30, 2019, a rise of 169% from the previous quarter.
Kinross Gold expands Russian portfolio with $283 million buy
The Chulbatkan gold project would enable it to leverage its expertise as a world-class, cold climate heap leach operator.
“Robominers” to scope Europe for resources humans can’t reach
EU-funded project aims at improving access to raw materials in small and difficult to access mineral deposits.
Kirkland Lake posts glowing Q2 with more ounces, less cost
Gold production in Q2 2018 was 214,593 ounces, up 31% from 164,685 ounces a year earlier.
CHART: Gold price risk index is flashing red
The last time behavioural finance indicators deviated this far was in 2011 when gold was hitting all-time highs.