November 20, 2017 Russia’s VTB Capital aims to double gold sales to China in 2018 Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.
November 20, 2017 Russia miner Nornickel sees capex rising by 2019-2020 The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.
November 20, 2017 Brazil’s Vale denies postponing sale of New Caledonia mine stake Brazil's Vale SA denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.
November 20, 2017 Norilsk Nickel to increase 2017 palladium purchases Head of Global Sales and Marketing Markus Meurer said purchases in 2017 would rise to as much as 600,000 oz of palladium, compared to 160,764 oz last year.
November 20, 2017 Norilsk Nickel to cut costs by $200-$300m a year by 2020 COO Sergey Dyachenko told Reuters ahead of a strategy update to investors that the cost cuts were part of a comprehensive cost reduction programme.
November 20, 2017 Top Glencore executive quits Katanga board after accounting lapse Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.
November 20, 2017 Anglo to halt Minas Rio in Brazil if expansion licence delayed further The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.
November 17, 2017 French researchers unearth largest stash of Medieval silver coins ever found They are puzzled by the finding of 21 Islamic gold dinars at an abbey in eastern France.
November 17, 2017 Vale delays sale of stake in New Caledonia nickel mine The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.
November 17, 2017 Hedge fund bet on Glencore backfires with $100m loss London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.
Ma’aden selects Metso to deliver a gold processing plant to Ar Rjum mine The order includes process electrification, field instrumentation and automation. January 15, 2026 | 03:25 pm
