Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale is buying the 15% interest in the Mozambican mine held by Japanese trading company for a token fee of $1.
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Alamos Gold seeks $1bn from Turkey over stalled Kirazli project
Its Kirazli gold project has been halted since 2019 following protests and the expiration of the mining permit.
Vale production disappoints again, adding fuel to iron ore price rally
Vale’s iron ore output totaled 68 million tonnes in 1Q21, 14.2% higher than in 1Q20, but down 5.5% compared to the 72 million tonnes average analyst estimate.
Rio Tinto’s iron ore output falls 2% on labour shortage, weather issues
Tropical cyclone Seroja impacted operations in April while labour resource availability and above average wet weather in the mines disrupted maintenance.
Turquoise Hill’s Oyu Tolgoi mine partially resumes shipments to China
Canadian miner declared force majeure on some Chinese contracts last month due to covid-19-led curbs.
Largo Resources shares up on Nasdaq debut
Company also reported total production of 1,986 tonnes of vanadium oxide in Q1 2021, a decrease of 30% over same period last year.
Palladium price surges toward record high amid supply shortfall
Citigroup’s base case is for prices to reach $3,000 during the next three months.
Labrador Gold gets $7.8m investment from Sprott, New Found Gold
Proceeds will be used to advance the company's Kingsway gold project, located next to New Found Gold's Queensway discovery.
Australia’s latest resources boom is driving a surge in IPOs
The Australian Stock Exchange notched up 42 IPOs in mining-related businesses over the past 12 months despite the Covid-19 pandemic.
