Russia’s Nornickel cuts 2018 output forecast for copper project
The Bystrinsky project is now expected to produce 25,000-31,000 tonnes of copper and 90,000-110,000 ounces of gold in concentrate in 2018.
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Chile copper mine Escondida says no early wage agreement reached
The official deadline to start contract discussions begins in June.
Cenovus says railways are ready to ease oil transportation bottlenecks
Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.
Goldcorp to pay $3.7 million for stake in newly formed explorer
Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.
Newmont profit soars on higher gold prices, claims top bullion miner title
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
Moroccan King to sign trade, mining deals with Congo
Moroccan King Mohammed VI will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund.
Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices
The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.
Minotaur and Andromeda form star alliance
Andromeda may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years.
Australian gold miner Newcrest downgrades full-year production forecast
Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30.