MINING.COM

Zimbabwe mine output subdued in first quarter as dollar crunch bites

Gold deliveries to central bank unit Fidelity Printers and Refiners, which buys all the country's gold, declined to 6.5 tonnes from 7.3 tonnes during the January-March quarter.

Reuters | May 22, 2019 | 10:19 am

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.

Reuters | May 22, 2019 | 10:11 am

Ghana seeks investors to mine bauxite, fund infrastructure

The government will receive proposals from interested parties until the end of the year on how to expand production.

Bloomberg News | May 22, 2019 | 10:00 am

Philippines exempts gold sales to central bank from taxes to boost foreign reserves

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

Reuters | May 22, 2019 | 9:28 am

Get ready for difficult times, China’s Xi warns during trade war

Acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.

Reuters | May 22, 2019 | 9:22 am

Aurubis buys recycler Metallo in move beyond copper

Europe's biggest copper smelter has agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million).

Reuters | May 22, 2019 | 9:16 am

China’s MMG says Las Bambas copper operations not disrupted, talks ongoing

The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down.

Reuters | May 22, 2019 | 9:10 am

Merkel cabinet approves $45B in aid for coal regions

The aid package launches a drive to transform chimney-stack economies into high-tech centers and will help Germany achieve its climate goals for 2030 and put it on the right path for meeting 2050 targets.

Bloomberg News | May 22, 2019 | 9:04 am

To borrow $500m, Zimbabwe pledges mine that doesn’t exist

The collateral for African Export-Import Bank’s $500 million loan to Zimbabwe is a mine that Great Dyke Investments, a venture between Russian investors and the Zimbabwean military, plans to build at a cost of $4 billion.

Bloomberg News | May 22, 2019 | 7:47 am

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