MINING.COM

Iran hangs gold coin ‘sultan’ in crackdown after US curbs

Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.

Reuters | November 14, 2018 | 11:05 am

Congo state miner wants meeting over Katanga cobalt-export

“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma

Bloomberg News | November 14, 2018 | 10:50 am

Rio Tinto wants a piece of Teck’s copper project in Chile

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

Cecilia Jamasmie | November 14, 2018 | 10:25 am

Ray Dalio’s faith in gold unshaken even amid investor exodus

Gold’s second straight quarterly decline was not enough to shake billionaire hedge-fund manager Ray Dalio’s confidence in gold.

Bloomberg News | November 14, 2018 | 10:17 am

Global cobalt glut won’t be stemmed by Glencore Congo output stoppage

Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.

Reuters | November 14, 2018 | 9:59 am

Stornoway Diamond shares down on $37 million loss, departure of CEO

CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.

Cecilia Jamasmie | November 14, 2018 | 9:00 am

Xiana pays Glencore $25 million for Chilean operation

The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.

MINING.COM Staff Writer | November 14, 2018 | 7:16 am

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Cecilia Jamasmie | November 14, 2018 | 5:48 am