MINING.COM

Coal mine sold for less than $1 reopens, to reach full production by year-end

Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.

Cecilia Jamasmie | July 18, 2017 | 5:44 am

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

Cecilia Jamasmie | July 18, 2017 | 3:35 am

Zinc, lead prices gain on deeper deficits

New report shows lead swinging into 91,000 tonne deficit and zinc undersupply increasing by a third to 178,000 tonnes during first five months of 2017.

Frik Els | July 17, 2017 | 4:59 pm

Leagold Q2 production news

Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.

Leagold Mining | July 17, 2017 | 4:10 pm

Chile’s Codelco to post earnings above $1 bln this year – CEO

Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.

Reuters | July 17, 2017 | 1:38 pm

Copper price jumps on gangbusters China growth

Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.

Frik Els | July 17, 2017 | 12:24 pm

Glencore mulls spinning off mining royalties into new company

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

Cecilia Jamasmie | July 17, 2017 | 8:33 am

World’s second-largest diamond ‘too big’ to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Cecilia Jamasmie | July 17, 2017 | 7:02 am