Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale is buying the 15% interest in the Mozambican mine held by Japanese trading company for a token fee of $1.
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Indonesian gold miner Archi postpones $500 million IPO
The gold miner, a unit of Indonesian conglomerate Rajawali Group, made the decision after gauging demand for the Jakarta IPO last month.
Alamos Gold seeks $1bn from Turkey over stalled Kirazli project
Its Kirazli gold project has been halted since 2019 following protests and the expiration of the mining permit.
Lynas revenue jumps 21% as rare earth prices hit new records
"While the persistence of the COVID crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly," the world's largest rare earths producer outside China said.
Vale production disappoints again, adding fuel to iron ore price rally
Vale’s iron ore output totaled 68 million tonnes in 1Q21, 14.2% higher than in 1Q20, but down 5.5% compared to the 72 million tonnes average analyst estimate.
Rio Tinto’s iron ore output falls 2% on labour shortage, weather issues
Tropical cyclone Seroja impacted operations in April while labour resource availability and above average wet weather in the mines disrupted maintenance.
Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China
Canadian miner declared force majeure on some Chinese contracts last month due to covid-19-led curbs.
Teck appoints Sarah Hughes as vice president, audit and improvement
Hughes was formerly VP, risk and assurance at Trevali and held senior roles at Goldcorp.
Largo Resources shares up on Nasdaq debut
Company also reported total production of 1,986 tonnes of vanadium oxide in Q1 2021, a decrease of 30% over same period last year.