Congo’s state miner seeks to dissolve Glencore venture over debts
Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.
Latest Stories
Union at BHP’s Escondida copper mine in Chile says no advance deal likely
The union accepted an offer to begin early negotiations with the Anglo-Australian miner in March to avoid another strike at the northern Chile mine.
Caterpillar results prove global economy in good shape
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
First-quarter profit rise at Sweden’s Sandvik marred by mining miss
Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index.
Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan
Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.
Freeport profit misses on lower-than-expected copper sales
The Phoenix, Arizona-based copper miner reported a lower-than-expected quarterly profit on Tuesday as red metal sales missed the company's forecast.
Anglo delays Minas Rio restart until year-end, will lose about $400 million
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
Peru expects $20.8 billion in mining investments
Only in 2019, Lima expects to receive $2.9 billion in mining investments.
Australia’s Fortescue iron ore shipments, price fall in Q3
The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.
