Apparent aluminum deficit drives up spot prices against longer dates
Inventories in LME warehouses in Port Klang at 814,225 tonnes are down about 20% since climbing above one million tonnes in July.
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Kinross Gold reaffirms production growth on rising output, falling costs
Company expects to produce about 2.5 million gold equivalent ounces annually from 2020–2029.
Petra tosses company sale after debt-for-equity deal
The diamond miner expects the restructuring to become effective in the first quarter of 2021.
Minera Alamos to fast-track development at Cerro de Oro
Located in Zacatecas, Cerro de Oro adds to Minera Alamos’ Santana and La Fortuna assets in Sonora and Durango.
Zinc8, SmartConsult partner on Australia renewable energy project
The company wants its zinc-air flow battery technology to be part of Australia’s quest to eliminate greenhouse gas-producing power generation.
BHP scraps $2.5bn Olympic Dam expansion plan
It has decided against the brownfield expansion project after studies of the ore body revealed weaker than expected results.
Rockcliff completes earn-in on Bur property in Manitoba
To earn this stake, company spent approximately C$3 million on exploration at the site.
Benchmark drills broad and high-grade intercepts in BC
Intercepts in Lawyers project include 14.2 metres of 4.15 g/t gold and 61.23 g/t silver (4.92 g/t gold-equivalent) from 13 metres.
Vale reports rise in quarterly iron ore output
Company produced 88.7 million tonnes of iron ore in Q3, up 31.2% from the previous quarter and up 2.3% from the same period a year before.