Sandvik profit tops forecast as mining bucks industrial slump
Adjusted quarterly operating earnings rose to 4.62 billion Swedish crowns ($477 million) from 4.59 billion a year earlier, beating the 4.48 billion mean forecast.
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Pangaea ups stake in First Quantum Minerals, shares jump
Pangaea bought an additional 6 million shares, bringing its stake in the company to over 10%.
Russia’s thawing permafrost may cost economy $2.3 billion a year
Russia plans to pay more attention to the impact climate change is having on its vast permafrost area.
Asanko Gold reaches record production in Ghana
The Vancouver-based gold producer also generated record revenue of $91 million.
How a small aluminum maker won US trade protection
The United States was once the world’s biggest producer of primary aluminum. But by the time Trump took office, production had dwindled to the level last seen in 1951.
African lender eyes unloved neighborhoods in mining drive
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry.
India’s Adani awards rail contract to support Australian thermal coal mine
The Carmichael mine has been a lighting rod for climate change concerns in Australia.
Australia backs solar farm for two Fortescue iron ore mines
Fortescue said the project would cut carbon emissions by about 40% at its Christmas Creek and Cloudbreak mines.
Chilean regulator asks for more time to review Maricunga project
Owners Lithium Power International and Bearing Lithium say they were expecting the time extension.
