Loading
Copper and gold: Philippines revokes permit for Tampakan project
The Philippines' local government has canceled Sagittarius Mines' permit for the Tampakan copper-gold project in South Cotabato province, citing concerns for the survival of hundreds of indigenous people living nearby. Tampakan, considered the largest untapped copper...
Copper and zinc: Agnico Eagle will buy a stake in Teck Resources’ Mexican mine
Agnico Eagle Mines has agreed to acquire a 50 percent interest in Teck Resources' subsidiary, Minas de San Nicolas (MSN), which owns the San Nicolás copper-zinc mine development project located in Zacatecas, Mexico. Upon completion of the transaction, Teck and Agnico...
Aluminum: Chinese production grows in August despite energy problems
China's aluminum production hit a second consecutive monthly record in August at 3.51 million tons, up 9.6 percent from the same month a year earlier, thanks to the commissioning of new production capacity that more than offset restrictions on electricity use in some...
Weak profitability of China’s steel sector will stabilize at low levels
China's steel sector continues to face challenges from weaker-than-expected demand from the real estate sector, further complicated by Covid-19 pandemic-related restrictions that continue to disrupt construction activity. However, it does not expect the sector's...