Loading
Russian metals and mining firms reduce investment
Three of Russian metals and mining companies said on Wednesday they were tightening belts with tools varying from reduced investment to delayed dividends or postponed asset purchases as the new coronavirus outbreak is adding to risks. Russia, a major producer of...
Newcrest quarterly output drops almost 17%
Newcrest Mining on Thursday reported a nearly 17% fall in third-quarter gold production, hurt by lower output at its Cadia and Telfer mines and divestment of its Indonesian mine during the three-month period. The Australian miner said total gold production fell to...
Vale mulling offers for New Caledonia nickel assets
Vale, the world’s top producer of nickel and iron ore, has received non-binding offers for its operations on the Pacific island of New Caledonia, it said in a conference call on Wednesday. The Brazilian mining giant said it expected to have “relevant news” on the...
Mali parliament approves new mining code
Mali’s parliament on Tuesday approved a new code that eliminates mining companies’ value added tax exemptions during production and shortens the period during which they are protected from fiscal changes to 20 years, a lawmaker told Reuters. The new code, which...