Gran Colombia signs LOI to spin off Venezuela project
Gran Colombia will receive $20 million in common shares of Western Atlas as part of the deal.
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Doing business in DRC: Questions about the controversial new mining code persist
The DRC holds half the world’s cobalt and vast copper deposits, in addition to some 1,100 other mineral resources as estimated by the World Bank.
Copper hits two-year low as signs of global slowdown stack up
Copper has slid 14% from this year’s high in mid-April on the back of a manufacturing slump and warnings that major economies are heading into recession.
Chilean legislators reject lithium expropriation
A bill allowing the expropriation of private companies involved in lithium mining in Chile was found to be unconstitutional.
Nickel’s perfect bull storm as Indonesia bans exports again
LME three-month nickel hit a five-year high of $18,850 per tonne on Monday.
Venezuela gold reserves drop by $1bn in H1 2019
The value of the gold bars in central bank vaults fell to $4.62 billion, down 18.5% from $5.67 billion dollars at the end of 2018 - the lowest in 75 years.
Zambia mining firms say mineral royalties should be capped at 7.5%
Africa's No. 2 copper producer increased its sliding scale for royalties of 4 to 6% by 1.5 percentage points and introduced a new 10% tax when the price of copper exceeds $7,500 per tonne.
Botched bankruptcy leads to standoff in Kentucky coal country
Laid off miners are blocking trains in protest against Blackjewel, which halted operations in July without settling its final salary obligations to more than 1,800 workers across the country.
Newmont Goldcorp’s Ahafo mill in Ghana yields first ore after expansion
The upgrade is expected to increase average annual gold production at Ahafo by between 75,000 and 100,000 ounces for the first five years, starting in 2020.
