22/04/2020
Dated on 20th April 2020,H&G delivered Shanbao SBM PE250X1200 PE250X1000 Mn13Cr2 Jaw plates to Indonesia.
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20/04/2020
After years of buying at the peak of the economic cycle and selling in the trough, could the world’s big diggers do the reverse? Compared to peers in oil and gas, Rio Tinto Group and the largest diversified miners are riding out the coronavirus storm in sheltered positions: They have low operating costs, little debt and more than $60 billion in liquidity.
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20/04/2020
Glencore told the Zambian government this week that it wants to keep operating its Zambian copper mining subsidiary Mopani Copper Mines (MCM), not shutter the operations, mines ministry permanent secretary Barnaby Mulenga said on Sunday.
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20/04/2020
Rio Tinto (ASX, LON, NYSE: RIO) signalled on Friday a recovery in China’s economy as it reported improved shipments of iron ore to the country, but cut its forecast for annual copper output citing coronavirus-related disruptions.
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14/04/2020
The mining industry is fraught with capital cost overruns. A quick internet search will turn up many examples. The results quickly high-light that as many as two-thirds of mining projects see cost overruns. Moreover, the researcher can see that it is a decades-long problem. That is, the industry doesn’t seem to be getting better at their cost estimating. We aren’t learning from our mistakes.
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14/04/2020
Teck Resources is facing allegations of putting workers at risk of contracting covid-19 and spreading the virus into the nearby communities by keeping coal operations open in the east Kootenay region of British Columbia.
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14/04/2020
Glencore’s Katanga Mining sent 350 workers to be repatriated this week after the copper and cobalt miner delayed the commissioning of an acid plant they were working on in Democratic Republic of Congo’s Lualaba province.
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02/04/2020
Equinox Gold (TSX: EQX) on Wednesday provided a production and cost guidance for 2020 to reflect its expectations following the recent closure of the company’s merger with Leagold Mining.
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02/04/2020
Teck Resources suspended its 2020 financial forecasts on Wednesday and said it expected steelmaking coal production to drop to about 80-85% of normal levels in an initial two-week slowdown from March 25 due to the coronavirus outbreak.
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02/04/2020
Global copper production in 2020 is impacted by the covid-19 outbreak, with data analytics firm GlobalData now forecasting output growth of 1.9% this year compared to the original forecast growth rate of 3.4%.
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25/03/2020
Precious gemstones miner Gemfields (LON: GEM) said on Tuesday that it expected to record $39.1 million in net profit after tax for 2019, compared to a net loss of $60.4 million in the previous year.
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25/03/2020
OceanaGold (TSX: OGC, ASX: OGC) has announced that the Waihi gold operation in the North Island of New Zealand will temporarily suspend the ongoing development of the Martha underground mine and go into care and maintenance for four weeks in response to covid-19 measures put in place by the New Zealand government.
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