Rio Tinto axes iron ore export forecast for the year
It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.
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Zinc, lead prices gain on deeper deficits
New report shows lead swinging into 91,000 tonne deficit and zinc undersupply increasing by a third to 178,000 tonnes during first five months of 2017.
Leagold Q2 production news
Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.
Chile’s Codelco to post earnings above $1 bln this year – CEO
Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.
Copper price jumps on gangbusters China growth
Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.
Glencore mulls spinning off mining royalties into new company
The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.
World’s second-largest diamond ‘too big’ to sell
Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.
Washington Companies buys Dominion Diamond for $1.2 billion
The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.
Botswana Diamonds jumps on prospecting licence expansion
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.