MINING.COM

Strong demand powers Sandvik Q2, but inventory concerns weigh on shares

Swedish Sandvik, which makes metal-cutting tools and mining gear, reported record-high quarterly earnings and orders on Tuesday on the back of a broad rise in demand, with its mining unit a particular stand-out

Reuters | July 17, 2018 | 11:17 am

South Africa’s Solidarity union to agree wage deal with Eskom

South Africa's Solidarity trade union will accept a three-year wage offer from state-run power utility, Eskom.

Reuters | July 17, 2018 | 10:56 am

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.

Cecilia Jamasmie | July 17, 2018 | 8:57 am

World’s biggest miners want more copper but nobody’s selling

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.

Bloomberg News | July 17, 2018 | 7:09 am

LME to launch monthly ‘implied pricing’ for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.

Cecilia Jamasmie | July 17, 2018 | 5:25 am

South Africa’s Amplats, PIC create venture fund to lift PGM industrial demand

The world's no. 1 platinum producer has spun off an internal fund and invested $100 million in a new venture capital fund

Reuters | July 17, 2018 | 4:30 am

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.

Cecilia Jamasmie | July 17, 2018 | 3:48 am

Rio Tinto posts jump in iron ore output, flags stronger 2018

Rio said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, thanks to productivity improvements and fewer weather-related disruptions compared to Q2 2017.

Reuters | July 17, 2018 | 3:10 am