Cameco sees long-term opportunities while dealing with ‘near-term’ pandemic costs
With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance, Cameco reported a quarterly net loss of C$61 million.
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China targets 20% share of new energy vehicle sales by 2025
The plan, which covers the period from 2021 to 2035, will also see battery-electric vehicles dominating new vehicle sales by 2035.
Chile’s mining investment to lag while constitution rewritten, official says
The world-leading copper industry may see investment lag for at least two years.
Billionaire Gina Rinehart’s wealth swells with Hancock’s A$4bn profit
Hancock Prospecting reported a A$4 billion ($2.9bn) net profit after tax for financial 2020, a 56% improvement from the A$2.6 billion logged last year.
Union at Candelaria rejects new deal, strike continues
Workers said will push forward with the nearly month-long strike that has shut down the mine in Chile.
Copper trading volumes rebound as speculators return
Copper volumes on world exchanges are climbing again as a buoyant economic recovery from covid-19 in top metals consumer China spurred speculators to pile back into the market.
Gold price retreats as US voting stretches on
Spot gold fell 0.4% after voting tallies showed a tight race in the US presidential election.
Marathon derisks Valentine with permitting milestone
In April, the company released a prefeasibility study for Valentine, which outlined a 12-year open pit and conventional milling operation producing an average of 175,000 oz. of gold annually in the first nine years of operation.
Australia accepts human rights complaint against Rio Tinto over Bougainville
The complaint alleges environmental and human rights violations caused by Rio's former Panguna mine on the island.