Glencore’s executive departures hasten as oil chief leaves
The generational change at the top of Glencore Plc gained speed on Monday, after the company announced the retirement of its long standing head of oil Alex Beard.
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Zimbabwe’s mineral-backed loans may complicate talks with creditors, IMF says
Unable to get funding from lenders like the IMF since defaulting on its debt in 1999, Zimbabwe has over the last five years relied on the African Export and Import Bank for mineral-backed loans
Australian company to extract magnesium from waste-water streams
EcoMag says hydrated magnesium carbonate is a high-purity, high-value magnesium product that currently fetches circa $1,250/tonne.
Royal Road Minerals acquires Northern Colombia Holdings
The acquired company holds or has rights to a title package comprised of mining concession agreements covering approximately 35,747 hectares of land.
Worker killed at Codelco’s El Teniente mine
The causes that prompted a rock to fall down at the Pilar Norte mine are under investigation.
Finland’s new government plans spending spree, Iltalehti reports
The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.
Peru’s Buenaventura threatened with general strike
Buenaventura said that it was forced to fire some workers because gold and silver reserves at Orcopampa have gone down and so has production.
Energy prices crash in Europe as old, new fuels vie for share
Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy.
Should investors get excited about rare earth metals?
The 17 so-called “rare earth metals” play strong supporting roles in many of the consumer electronics we enjoy on a daily basis, from our TVs to smartphones.
