Codelco’s China clients stall on 2022 deals amid copper backwardation
Chinese customers are reluctant to sign up for copper supply in 2022 at the highest premium in seven years.
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FLSmidth shares jump on strong Q3 as commodity prices rise
Revenue rose 22% to 4.7 billion Danish crowns ($730.85 million), above an average forecast of 4.2 billion crowns among analysts.
Ransomware attack on mining operations “almost inevitable,” says cybersecurity expert
“The world’s leading mining companies are now unanimous in reporting that cyber threats are a principal risk to them achieving their goals."
Wallbridge releases mineral estimates for Fenelon and Martiniere
CEO says the estimates demonstrate that Fenelon continues to grow from a small, high-grade deposit into a potential multi-million ounce deposit.
Iron ore price rally is over, prices to follow multi-year downtrend — report
In the longer term, Fitch forecasts prices to decline from an average $155 a tonne in 2021 to $65 a tonne by 2025 and $52 a tonne by 2030.
Mining People: Dolly Varden, Mountain Province, Railveyor, Red Pine
Key moves in the mining sector.
Output of S. African miner Gold Fields jumps 9% in Q3
The company produced 606,000 ounces of gold in the quarter at an average AISC of $1,016 per ounce.
After copper chaos, LME mulls rules to keep from running out of metal
The London Metal Exchange is considering whether it should sometimes block traders from withdrawing inventory from its warehouses.
Jwaneng mine recrush plant wins Golden Plant Award
The awards are part of Debswana, De Beers and Anglo American’s drive to improve the productivity and efficiency of their assets by achieving and exceeding global benchmarks.
