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Glencore held stocks of 12,797 tonnes of cobalt at end of 2019
Glencore’s Katanga operation in Africa held unsold stocks of 12,797 tonnes of battery material cobalt with a current market value of more than $400 million at the end of last year, statements from Katanga show. Its cobalt stocks at the end of 2018 stood at 3,769...
Il settore minerario peruviano ha subito un rallentamento nel 2019
Peru’s mining sector fell by 0.05% in 2019, a report by the National Institute of Statistics and Informatics shows. According to the government agency, a 0.84% contraction in the metallic mining subsector is to blame for the downfall. In the world’s No. 2 copper...
Barrick CEO sees no competition in his bid for Freeport’s Grasberg mine
Barrick Gold Corp Chief Executive Mark Bristow on Wednesday said he sees no competition from rivals in his pursuit of Freeport-McMoran Inc’s Grasberg copper-gold mine in Indonesia but cautioned any deal for the asset would take time to pull off. Bristow has fanned...
First Quantum posts surprise profit on higher copper sales, output
Canada’s First Quantum Minerals Ltd posted a surprise profit on Thursday, helped by higher sales and production, driven by a ramp up of its Cobre Panama copper mine. First Quantum’s total copper production rose 29% to 204,270 tonnes, while sales jumped 31.8%. The...