Output at South Africa’s Amplats hit by Eskom power cuts
Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.
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Glencore under CFTC investigation for possible violations
The US Commodity Futures Trading Commission (CFTC) is investigating whether the company may have violated certain provisions of the Commodity Exchange Act.
Lucara finds largest uncut diamond in recent history in Botswana mine
The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).
Brazilian miner Vale files $2B lawsuit over Guinea project
The arbitration case stemmed from a dispute between Vale and BSG Resources Ltd over a joint venture to develop the Simandou mine.
Africa’s Sibanye-Stillwater lowers valuation for miner Lonmin
Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.
Freeport shares drop after quarterly profit misses expectations
The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.
Around the world, buyers’ remorse sets in for costly clean power
Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.
Newmont Goldcorp profit beats on higher production as prices fall
Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.
Canadian miners start 2019 off on the right foot amid mega-deals
Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.
