February 19, 2021

MINING.COM MINUTE: Biggest stories of the week

Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally

February 19, 2021

Iron ore price retreats on higher steel inventories in China

Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.

February 19, 2021

Vale creates sustainability division

The division will be headed by Maria Luiza de Oliveira Pinto e Paiva, who until this month has been head of sustainability at Brazilian pulpmaker Suzano SA.

February 19, 2021

Southern Ecuador’s Cuenca bans large-scale mining

More than 80% of the electorate voted this week in favour of the ban, which should not affect existing projects.

February 18, 2021

Iron ore price at highest since 2011 on China post-holiday demand outlook

Metal prices surged during the first trading day since the lunar new year in China, as activity ramps up to pre-pandemic levels.

February 18, 2021

Most miners lag behind in human rights issues — report

Ten years after the adoption of United Nations principles, a study shows most miners have yet to step up efforts to improve their human rights record.

February 18, 2021

Hochschild Mining’s earnings drop on covid-19-led mine closures

Company posted a 21% drop in full-year core earnings as a run of pandemic-driven production roadblocks wiped out the boost from higher gold prices.

February 18, 2021

Teck quarterly profit boosted by robust copper business

Average realized price for copper jumped about 26% to $3.42 per pound, while sales stood at 80,000 tonnes compared with 75,000 tonnes a year earlier.

February 18, 2021

Golden quarter for Newmont as high prices double profit

The world's largest gold miner's adjusted profit more than doubled to $856 million in the last quarter of 2020.

February 18, 2021

Max Resource’s Cesar project grows to district-scale size

The copper-silver project in northeastern Colombia now covers over 2,500 square kilometres, with a cumulative 220-kilometre strike of prospective copper-silver mineralization.