Chile’s Copec to buy stake in copper project in Peru
Mina Justa, which is expected to require investment of around $1.6 billion, is due to begin construction in the second half of 2018.
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Philippines’ top nickel miner keeps sales guidance despite govt curbs
The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.
South Africa’s mines minister to challenge court ruling on black ownership threshold
The appeal will add a layer of uncertainty to a sector battered for years by depressed prices, soaring costs and opaque policies.
Cuba sees 2018 nickel plus cobalt output topping 50,000 tonnes
The country was ranked 10th in world nickel production in 2016 and sixth in cobalt.
Congo’s state miner seeks to dissolve Glencore venture over debts
Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.
Union at BHP’s Escondida copper mine in Chile says no advance deal likely
The union accepted an offer to begin early negotiations with the Anglo-Australian miner in March to avoid another strike at the northern Chile mine.
Caterpillar results prove global economy in good shape
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
First-quarter profit rise at Sweden’s Sandvik marred by mining miss
Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index.
Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan
Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.
