After weeks of chaos, US throws aluminum industry lifeline
“The US government is not targeting the hardworking people who depend on Rusal and its subsidiaries,” Treasury Secretary Steven Mnuchin said.
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Canada’s Teck Resources profit rises on higher sales volumes
Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.
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.
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.
