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Barrick CEO calls for consolidation and warns of reserve crisis
Barrick Gold CEO Mark Bristow on Wednesday said the gold industry in Africa should consolidate further, as he warned of a “serious reserve crisis” looming for the sector. A dearth of exploration has seen average mine life across the gold mining sector fall from 20...
Brazilian niobium miner CBMM eyes European car market
Brazil niobium miner Companhia Brasileira de Metalurgia e Mineração (CBMM) has inked a deal with British high-performance luxury carmaker Briggs Automotive Company (BAC) to supply niobium for the production of ultra-light, high-speed cars. CBMM will work with BAC to...
Indian iron ore export shipments up further in Sept
Indian iron ore export shipments increased to 4 mn t in Sep'20, up 3% m/m. The exports picked up on rising Chinese demand and restocking ahead of Golden week holidays. Also, Odisha miners remained active in booking cargoes for low grade fines backed by high global...
Tesla in talks with BHP over nickel supply pact
Tesla Inc. is in talks with BHP Group on a nickel deal as the electric-car maker targets higher production and seeks to avoid a supply crunch, according to people familiar with the matter. Talks are held up on pricing, and no final agreement has been reached so far...