Fire shuts down Vale’s Malaysia distribution center
The majority of material from the Malaysian distribution center is Brazilian Blend fines destined for China.
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Kinross stock rallies after reporting record production at Paracatu and Bald Mountain
Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.
Trust in tailings? Vale dam disaster spurs investors into action
The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.
Plunging inventories have zinc bulls ready to run
Could we be looking at another run in the zinc price like in 2017, when it spiked from $1.19 a pound to $1.61 within only six months (+35%)?
Gold-stock mega-mergers bad
Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.
SNC-Lavalin faces squeeze to speed asset sales as crisis deepens
It’s surprising how everything snowballed.
Mongolia posts 6.9% economic growth in 2018
Coal and copper generate almost 70% of Mongolia's total export revenues and most of its mining output is sold to neighboring China.
South Africa’s Gold Fields FY profit slumps as production drops
Revenue dropped 7% to $2.58 billion in 2018 from $2.76 billion in 2017 due to the lower ounces sold.
EU starts investigation into Chinese steel wheel imports
The investigation could lead to provisional duties being applied within nine months and definitive duties, typically in place for five years, in 15 months.
