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Sumitomo to sell stake in Sierra Gorda copper mine
Japanese miner Sumitomo Metal said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH). The Asian giant said that selling its 45% holding in the...
Northern Vertex achieves record quarterly production
Northern Vertex Mining, which primarily operates the Moss gold mine in Arizona, achieved a record production of 14,673 gold equivalent ounces for the first quarter of its fiscal year. This marks the sixth consecutive monthly gold production record for the company and...
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...