Anglo American’s El Soldado mine faces charges for environmental breaches in Chile
Anglo subsidiary faces possible revocation of its environmental permit, closure or a fine of over $12 million if it does not address the issues.
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Jaguar Mining stock plunges after tailings pile slump forces Brazil mine shutdown
Jaguar expects a return to production to be no shorter than one month.
Copper price jumps on China policy, but we’ve been here before
Copper looked ready to test record highs in September after a Beijing bazooka, but a new report says the deep malaise of Chinese construction trumps all else.
ABB to deliver world’s largest production capacity mine hoist to BHP’s Jansen project
The Jansen project aims to become the largest potash mine in the world.
Newmont cuts management jobs in major corporate restructuring
The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, Bloomberg sources said.
Namib Minerals set for Nasdaq debut following $500m SPAC deal
The proposed business combination, which implies a pro forma combined enterprise value of $609 million, represents the largest African de-SPAC deal to date.
Torex Gold’s ELG underground mine resumes operations following fatalities
The 24-hour standdown at ELG, according to Torex, would not impact its 2024 production guidance.
Gold price hits 2-week high on renewed China purchases, Syria regime collapse
The People’s Bank of China – a major buyer of the metal – announced that it has resumed purchases after a six-month hiatus.
Brazilian Nickel advances project financing with LOI for $550m
The funding represents 40% of the Piauí nickel project’s overall financing package.
