MINING.COM MINUTE: Biggest stories of the week
China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine
Latest Stories
Nordgold equips West Africa training centre with mining simulator
Company expects the total investment, including the construction of the centre and the purchase of the equipment, to cost approximately $800,000.
Top investor group pushes firms to cut out thermal coal
Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions.
De Beers to close Damtshaa mine in Botswana
The miner produced 12.3 million carats in the first nine months of 2020, down 29% from the same period in 2019.
China’s Australian copper ban seen hurting smelters in TC/RCs talks
Ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021.
Kirkland Lake’s results boosted by Detour mine
The mine, which Kirland gained through its acquisition of Detour Gold early this year, now accounts for more than 40% of the company’s 2020 free cash flow.
Sumitomo to resume Ambatovy operations early 2021
The company also reported a record net loss of 60.2 billion yen ($583 million) for the first half of its financial year.
Demand for battery anode material drives Nouveau Monde to Europe
The Quebec-based company said discussions with European automakers interested in its battery anode material have intensified in recent months.
West Vault to start Hasbrouck gold mine construction in Nevada
The Canadian company has completed the permitting process before the Bureau of Land Management.
