China raises annual rare earth mining quota to record high in 2020 Country raised its rare earth mining quota by 6.1% from the previous year to an annual record high of 140,000 tonnes. Reuters | July 15, 2020 | 8:47 am
Workers at Antofagasta’s Zaldivar mine enter mediation to stave off strike Workers voted in favor of a walk-off late last week after rejecting a new contract offer, which they said had stripped some current benefits. Reuters | July 15, 2020 | 8:38 am
Nornickel board to discuss Rusal demands this month Russia’s environmental watchdog demanded the mining giant pay damages of $2.1 billion after a fuel spill in Siberia. Reuters | July 15, 2020 | 8:28 am
Vale to set aside $1.4 billion for Brumadinho damages The amount would ensure the enforcement of any potential fine or forfeiture of assets, rights and values related to the disaster. MINING.COM Staff Writer | July 15, 2020 | 8:13 am
JX Nippon aims to boost Chile copper mine output JX plans to increase the annual output at its Caserones mine by 13% in the next three years. Reuters | July 15, 2020 | 7:59 am
Nickel developer Australian Mines gets state loan offer The support package requires the company to find a buyer for nickel and cobalt produced from its Sconi project. Reuters | July 15, 2020 | 7:51 am
Doomsday hedge fund sees gold topping $3,000 Diego Parrilla, heads of Quadriga Igneo, says gold could rise to $3,000-$5,000 in the next three to five years due to unprecedented monetary stimulus. Bloomberg News | July 15, 2020 | 7:45 am
Cardinal Resources takeover battle heats up Its major shareholder, Russia’s Nordgold, has improved its takeover bid. Cecilia Jamasmie | July 15, 2020 | 7:00 am
Kunming partners with Rio Tinto for Argyle diamonds The Hong Kong firm will be entrusted with the care and custody of the gems. MINING.COM Staff Writer | July 15, 2020 | 6:25 am