Brazil’s Vale 4th-qtr profit misses as costs rise, forex weighs
Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.
Latest Stories
Energy Fuels wins approval to expand uranium, vanadium mines in Utah
The BLM also allows the expansion of the Daneros uranium mine if it implements additional emission controls.
Lithium glut? No way, say industry executives eyeing demand
Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.
Scotland to have its first commercial gold mine
Scotgold Resources plans to build an underground operation with an initial production capacity of 12,000 ounces of gold annually for up to 17 years.
Paulson’s right: gold producers must fix their bad M&A habits
Potential buyers need to make a judgment that they will be able to increase the resources and reserves of any mine they buy.
Agnico Eagle is reviewing cobalt assets after receiving interest
In the interim, the company is still focused on its core business of building and running gold mines.
Scotiabank pulls plug on sale of metals business
The bulk of ScotiaMocatta's business is in precious metals and it is one of five banks that clear bullion in London's $5 trillion a year gold market.
Zambia to start forcing miners to move 30% of minerals by rail
Country's Chamber of Mines says rail system is not ready to handle that amount of cargo, adding that the potential impact on the mining industry has not been properly considered.
Fresnillo tanks as 2017 profit misses expectations, says costs to rise
The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.