Hudbay shares slump 20% after court bars construction at Arizona project

The ruling from the U.S. District Court for Arizona challenged the U.S. Forest Service's June 2017 decision that enabled the company to move forward with a mine plan.

Reuters | August 1, 2019 | 9:36 am

Zimbabwe to replace empowerment law — finance minister

Foreign investors can now take majority stakes in the platinum and diamond sectors.

Reuters | August 1, 2019 | 9:29 am

Central bank hunger for gold lifts demand to three-year high

Nations added 374.1 tons in the first six months as Russia and China kept building reserves and Poland made a massive purchase.

Bloomberg News | August 1, 2019 | 9:24 am

Vale CEO hopes to wrap up global dam burst settlement by year-end

On Wednesday, Vale reported a $133 million quarterly loss, confounding analysts expectations of a $2.84 billion profit for the period.

Reuters | August 1, 2019 | 9:16 am

Indian firms set up JV to mine for lithium, cobalt overseas

Three Indian state-run companies are to form a joint venture to buy mining assets overseas.

Reuters | August 1, 2019 | 9:05 am

Iron ore prices help Rio Tinto fork out $1bn dividend, despite Oyu Tolgoi setback

Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.

Cecilia Jamasmie | August 1, 2019 | 6:25 am