Copper price jumps as China turns away Australian concentrate
Copper within sight of June 2018 peak. Australian trader: "If you had a ship full of concentrate floating offshore, you’re rapidly trying to find a home.”
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Argentina mining exports to drop by 25% in 2020
The pandemic has hurt the mining sector, which relies on workers who often need to travel to reach job sites.
Wheaton closes precious metals stream with Caldas on Marmato Project
Wheaton will purchase 6.5% of the gold production and 100% of the silver production from the project until 190,000 ounces of gold and 2.15 million ounces of silver have been delivered.
MINING.COM MINUTE: Biggest stories of the week
China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine
Nordgold equips West Africa training centre with mining simulator
Company expects the total investment, including the construction of the centre and the purchase of the equipment, to cost approximately $800,000.
Top investor group pushes firms to cut out thermal coal
Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions.
De Beers to close Damtshaa mine in Botswana
The miner produced 12.3 million carats in the first nine months of 2020, down 29% from the same period in 2019.
China’s Australian copper ban seen hurting smelters in TC/RCs talks
Ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021.
Kirkland Lake’s results boosted by Detour mine
The mine, which Kirland gained through its acquisition of Detour Gold early this year, now accounts for more than 40% of the company’s 2020 free cash flow.