Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
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BHP commits $2.5bn to extend life of Spence copper mine in Chile
Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.
Congo reinstates miners’ VAT exemption on imports in U-turn
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
Copper price surges to 32-month high as hedge funds place $20 billion bet
Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.
Gold rush in Nicaragua — production doubles in little over 10 years
Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.
China’s Chalco plans $500m investment in Guinea bauxite project
The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.
Copper price consensus outlook suggest rally will run out of steam
Even the most optimistic forecasts for copper by year-end is below the spot price.
Zinc prices hit decade-high on shrinking Chinese stockpiles
Metal traded above $3,000 per tonne on the LME for the first time since November 2007.
US researchers find unexpected new source of much-needed lithium
Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes.
