Lundin Gold sees record production at Fruta del Norte
The Canadian miner churned out 104,137 ounces of gold in Q1, which marked a year since it began commercial operations.
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Miner Turquoise Hill profit beats as production, prices surge
The company beat estimates thanks to increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.
BHP, Vale, Rio Tinto launch challenge to encourage haul truck electrification
The mining giants are joining forces in the Charge On Innovation Challenge to attract innovators to develop new concepts for large-scale haul truck electrification systems.
Rising premium iron ore demand Quebec’s time to shine
Champion Iron says it is capitalising on the global pivot to using premium-grade iron ore to make steel.
Analysts not convinced the iron ore price run has legs
“High iron ore prices in early 2021 are unsustainable, but market fundamentals remain strong," says Moody’s senior VP Barbara Mattos.
Kinross aims for carbon neutrality by 2050
Kinross produced 558,777 gold-equivalent ounces (GEOs) in Q1, compared to 567,327 GEOs produced in the same quarter of 2020.
Record gold output, but Hudbay posts loss in Q1
Despite strong metal prices, revenue fell to $313.6 million for the period, compared to $322,3 million for the last quarter of 2020.
China may target Australian LNG despite costly coal ban: Russell
Bloomberg reported earlier this week that smaller LNG buyers in China have been told to avoid taking Australian cargoes.
“China is overproducing, we would expect to see some slowing down in H2” — Ferrexpo CEO
China’s massive physical purchases of iron ore have been the primary driver of the post-pandemic price rally.
