Energy trader Mercuria to grow iron ore business with US mine stake
Mercuria will spearhead a $650 million investment package in the miner in exchange for the stake under a memorandum of understanding.
Latest Stories
After 103 years, Chile’s Codelco blasts at Chuquicamata pit for the last time
Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.
LME to maintain discounted carry trade fees indefinitely
LME believes the discounts have had a positive impact on trading volumes - the mainstay of the exchange's revenue.
Russia’s Polyus on track to boost gold output in 2019
Its 2018 production is on track to reach the upper end of its forecast range of 2.375-2.425 million troy ounces.
South Africa’s iron ore railway to be shut down for annual maintenance
The railway line stretches up to 861 km (534 miles) from iron ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape.
Swiss scientists developing method to detect low-temperature heated rubies from Mozambique
Since their discovery in early 2009, the ruby deposits near Montepuez in Mozambique have produced an impressive number of exceptional-quality stones.
Yamana warns Argentina’s looming tax on exports could hit bottom line
Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.
Belo Sun license should be reviewed by Brazil federal Gov’t, court rules
The Canadian company's Volta Grande project is expected to become the South American country’s largest gold mine.
Exxaro, Seriti are said to mull bids for South32 coal assets
South32’s South Africa Energy Coal unit, the country’s third-biggest exporter of the fuel, was split into a standalone business earlier this year.
