MINING.COM

McEwen Mining posts loss on strong investment to grow key assets

The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.

Cecilia Jamasmie | July 31, 2018 | 11:05 am

A turbulent year for alumina market could get still worse

Alumina is having a turbulent year.

Reuters | July 31, 2018 | 10:20 am

Glencore’s cobalt output up by almost a third thanks to Congo mines

Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.

Cecilia Jamasmie | July 31, 2018 | 8:11 am

Fresnillo soars despite profit drop on Silverstream revaluation

Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.

Cecilia Jamasmie | July 31, 2018 | 5:38 am

BHP, Rio deals show lack of options beyond shareholder returns: Russell

BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.

Reuters | July 31, 2018 | 4:52 am

De Beers ready to begin South Africa’s Voorspoed mine closure

The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.

Cecilia Jamasmie | July 31, 2018 | 3:55 am