Vale’s first quarter profit lower than expected as rains hurt iron ore output
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
Latest Stories
Copper, lead, zinc prices to stay on the boil
New World Bank outlook for commodities predict 32% price jump for zinc and 18% for copper and lead, but outlook for nickel price in 2017 is murky.
Czech mining industry pins hopes of revival on lithium
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
Fresnillo silver output up almost 11pct in first quarter, but gold falls
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
Firestone Diamonds almost done with ramp-up at flagship mine in Lesotho
The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.
BHP puts US shale assets back on the block amid investors pressure
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
Gold stocks sell off – Barrick drops 11%
Gold price under pressure.
Loulo-Gounkoto sets sights on another big year as Morila legacy project takes shape
The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.
Freeport shares off to the races on Grasberg update
World's top listed copper miner cuts production outlook for the year, but impact of dispute with Jakarta more contained than thought.
