Alrosa reports 49% fall in profit in 2020
Company output fell by 22% to 30 million carats as it suspended mining at less profitable mines amid the pandemic.
Latest Stories
Bulls run wild: Chinese funds throw more fuel on copper’s flames
Chinese funds stepped into the driving seat last week with one player placing a mega $1-billion bet on higher prices.
Fresnillo cautious on 2021 outlook despite soaring profits
Uncertainty related to the ongoing impacts of covid-19 in Mexico, its focus market, takes part of the shine off the miner's full-year profit.
Bluestone’s Cerro Blanco gold project expected to produce 300 koz per year
A PEA for Bluestone Resources’ Cerro Blanco project shows it is capable of producing over 300,000 ounces of gold per year at first decile AISC.
Canada Silver Cobalt working on new battery recycling initiative
The project uses the hydrometallurgical Re-2Ox process to recover metals from lithium-ion, nickel-hydride and nickel-cadmium batteries.
Rio Tinto, Mongolia agree to replace Oyu Tolgoi expansion plan
News of the agreement comes as the Australian Taxation Office has hit the miner with a new $317 million bill.
Battery demand to maintain elevated cobalt prices – report
But increasing advances in cobalt-free and low-cobalt content batteries will pose a large threat to long-term demand and prices, Fitch says.
Copper, nickel price: 3 charts that bolster the bear case
The mad surge in the copper price took even ardent bulls by surprise, but doubts are beginning to creep in about the sustainability of the rally, at least in the short term.
US Forest Service rescinds environmental report for Rio’s Arizona copper mine
The decision effectively reverses one made by officials in the waning days of former President Donald Trump's administration.
