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Copper price rally builds on record Chinese demand
The copper price rally continued on Tuesday after trade data showed Chinese imports of refined metal at the best level since March 2016 and concentrate shipments setting a fresh all-time high. In afternoon trading in New York, copper for delivery in March hit $2.8745...
Para purchases Colombian company for $5.5m
Para Resources announced that its wholly-owned subsidiary Colombia Milling entered into a binding letter of intent with Mineros to acquire 100% of the shares of Operadora Mineras for $5.5 million in cash. In a press release, Para said that the purchase of Operadora...
Resolute in talks to sell Ravenswood gold mine to EMR Capital
Australia’s Resolute Mining confirmed on Monday that is in advanced talks with private equity fund EMR Capital Management over the sale of Ravenswood gold mine in Queensland, Australia. The miner, which has been trying to make the asset look as attractive as possible...
Australia’s Coronado halts operations at mine after worker death
Metallurgical coal producer Coronado Global Resources said on Monday it had suspended operations at its only mine in Australia after a worker was killed there. The employee who worked for Thiess, the mining services provider and unit of CIMIC Group, died in an...