Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, has been hit by sustained weak prices for the metal used in batteries that power electric vehicles (EVs) and high tech electronics, with profits falling by 47.5% to $70.2 million in the second quarter, from $133.9 million a year earlier.
News ID: 6123 Publish Date : 2019/08/22
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said on Tuesday it had received an expression of interest from its majority shareholder, Avesoro Jersey Limited (AJL), which wants to acquire the shares in Avesoro it doesn’t already own.
News ID: 6077 Publish Date : 2019/08/21
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said on Tuesday it had received an expression of interest from its majority shareholder, Avesoro Jersey Limited (AJL), which wants to acquire the shares in Avesoro it doesn’t already own.
News ID: 6073 Publish Date : 2019/08/20
The country’s finished steel output booked a Y-o-Y growth of 9% during the first four months of the current Persian year March 21-July 22). The country produced a total of 4.12 MnT of finished steel products, including hot- and cold-rolled coils, rebar, beams, pipes, wide and galvanized sheets, Iranian Mines and Mining Industries Development and Renovation Organization’s reported.
News ID: 6070 Publish Date : 2019/08/20
In its 2018/19 Full Year Financial Results, published on August 16, 2019, Newcrest Mining (ASX: NCM) announced that it has started a process aimed at divesting a least a 26% interest from its current 75% ownership of the Gosowong gold operation in Indonesia.
News ID: 6055 Publish Date : 2019/08/19
Iran’s steel exports has witnessed a Y-o-Y decline of 12% during the first four months of the current fiscal year (March 21-July 22), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported. Iranian major steel makers exported 2.24 MnT of steel in these four Iranian months.
News ID: 6051 Publish Date : 2019/08/19
Ongoing anti- mining protests in Peru, triggered by the recent approval of a now halted construction permit for Southern Copper’s (NYSE:SCCO) $1.4 billion Tia Maria project in Arequipa, have extended to Anglo American and Mitsubishi’s $5 billion Quellaveco project, in the neighbouring region of Moquegua.
News ID: 5988 Publish Date : 2019/08/16
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines.
News ID: 5987 Publish Date : 2019/08/16
K92 Mining (TSXV: KNT) reported on Thursday its operating and financial results for the second quarter, during which the Vancouver-based gold miner saw record tonnes processed and achieved total production of 19,652 oz gold-equivalent (AuEq) from the Kora North deposit with cash costs of $551/oz gold and AISC of $681/oz gold.
News ID: 5986 Publish Date : 2019/08/16
The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company.
News ID: 5938 Publish Date : 2019/08/15
Australian mining firm Northern Minerals (NM) has concluded a long-term offtake agreement for heavy rare earth carbonate from its Browns Range pilot plant with the trading arm of German steelmaker Thyssenkrupp.
News ID: 5872 Publish Date : 2019/08/12
A rise in shipments of iron ore from major Australian mining companies last week is likely to ease Chinese buyers' concerns about supply tightness.
News ID: 5802 Publish Date : 2019/08/06
Guinea Alumina Corporation (GAC) announced on August 4 that its first ship loaded with metallurgical-grade bauxite sailed from transhipment location near the company’s port in Kamsar to world markets. This marks the first bauxite ore exports from GAC and the beginning of commercial production for one of Guinea’s most important mining projects.
News ID: 5788 Publish Date : 2019/08/06
The Iranian government ratified a new set of regulations to allow cryptocurrency miners continue their business in Iran within a legalized framework which prevents unfair consumption of subsidized electricity and avoids offering state guarantees for the activity.
News ID: 5785 Publish Date : 2019/08/06
Atotal of 233,300 tons of paper were produced in Iran during the first quarter of the current year (March 21-June 21), registering a 1.8% decline compared with the same period of last year.
News ID: 5780 Publish Date : 2019/08/06
Iran is keen on providing special support to foreign investors willing to participate in the implementation of domestic mining and industrial sectors’ projects.
News ID: 5756 Publish Date : 2019/08/05
In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.
News ID: 5747 Publish Date : 2019/08/05
In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.
News ID: 5746 Publish Date : 2019/08/05
The Environmental Protection Agency is scrapping proposed restrictions on mining operations in Alaska’s Bristol Bay, dealing a victory to Northern Dynasty Minerals Ltd., which is hoping to tap a $100 billion copper-gold deposit in the region.
News ID: 5636 Publish Date : 2019/07/31
The gold price has now been camped out above $1,400 an ounce for a month, and silver has finally come alive above $16 per ounce, but legendary mining financier Eric Sprott had already kicked off a major junior investment spree when the metals were significantly cheaper than they are today.
News ID: 5634 Publish Date : 2019/07/31