Freeport-McMoRan cuts forecast after floods damage Indonesia’s Grasberg mine
Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold.
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Cyber threats on the rise for resource industries
Traditional security is inadequate to protect industrial environments from rapidly evolving cyber threats, experts say.
Asset managers touting ESG enjoy a turbo-charged coal boom
Thungela Resources CEO is promising to ratchet up production through the end of the next decade at least.
France grants loan to Eramet’s SLN nickel unit to avert collapse
The French government has agreed to grant a 40 million euro loan to SLN.
Gold miners may see margins shine as energy, labor costs edge lower
All-in sustaining costs (AISC) jumped by a third in the last four quarters at top miners Barrick and Newmont.
Gold price slips with spotlight on US inflation data
A stronger dollar is weighing on gold, with the metal “a little lower just based off that heading into tomorrow morning’s (CPI) number,” says analyst.
Great Bear resource ‘proves our thesis,’ Kinross says
The open-pit indicated mineral resource shows 33.1 million tonnes grading 2.6 g/t for 2.7 million oz. contained metal, Kinross said in a news release.
Iron ore price drops on Chinese demand fears
"The profits of steel mills have not improved," Huatai Futures analysts said.
China’s top coal supplier switches to more costly auctions
Mongolia is changing the way it sells its product in a bid to improve transparency and reap better returns from its top export earner.