Rio Tinto to spend $40m on Diavik diamond mine expansion
The approved first phase of the expansion project will extend Diavik’s productive life to at least early 2026.
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Mosaic misses quarterly profit estimate amid lower demand for fertilizers
Although prices of fertilizers decreased towards the end of last year, it did not boost demand as farmers waited for pricing trends to stabilize.
Gold Fields not pursuing big M&A deals after Yamana disappointment
Gold Fields shares fell 5% on Thursday after it flagged a further delay at its Salares Norte project in Chile.
Russian court orders Glencore unit to pay up in Sberbank row
Sberbank took legal action against Glencore Energy UK Ltd last year after it alleged the company did not pay for two oil consignments.
Coking coal futures rise as China mine collapse fans supply fears
Dalian coking coal futures scaled an eight-month peak on Thursday.
Harmony Gold says profit boosted by better metal grades and prices
Harmony expects to report a 10% jump in production costs.
Pilbara’s profit soars on strong output
Company posted a nearly 11-fold jump in half-year net profit, boosted by spodumene production at its Pilgangoora plant.
Newmont sees ‘significant’ shareholder value in buyout of gold rival Newcrest
For 2023, Newmont has given production guidance between 5.7 and 6.3 million gold ounces.
Anglo American takes $1.7bn writedown on British fertilizer mine
The miner estimates it will spend $1bn per year to bring Woodsmith into production by 2027, both a higher cost and longer timeframe than previously expected.
