Newmont restructuring impacted 16% of workforce
Citing a company memo, Reuters said the project has led to various job eliminations, unfilled vacancies and changes to role levels at Newmont.
Latest Stories
China’s central bank buys gold for 12th straight month
China's gold reserves were valued at $297.21 billion at the end of last month.
US backs Serra Verde’s Brazilian rare earth project with $465M funding
The financing is to help cover upgrades to the company’s Pela Ema mine in Brazil’s Goiás state.
CATL sees progress in bid to restart key China lithium mine
The Chinese company is required to pay 247 million yuan ($35 million) for the lithium mining rights at its Jianxiawo project.
Solaris values Ecuador copper mine at $4.6B
Based on a long-term copper price of $4.50 per lb., Warintza would have a 26% after-tax internal rate of return with a post-tax payback period of 2.6 years.
Congo suspends activities at Chinese mine after spill
Congo's mines minister said the operator, a unit of Zhejiang Huayou, does not meet environmental standards.
China approves registration of platinum and palladium futures
Prices of platinum and palladium have spiked this year, driven by tight supply.
China’s October rare earth exports rise 9% from September
China, the world's largest rare earth exporter, sold 4,343.5 metric tons of rare earths in October.
China’s copper imports drop in October as high prices curb buying
Copper imports slid to 438,000 metric tons in October from 485,000 tons a month earlier, a 9.7% drop.
