Loading
Vale eyes mine expansions – Samarco restart
Brazilian iron ore miner Vale SA is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to...
Newmont tops profit estimates on gold price surge
Newmont said on Wednesday that higher gold prices helped generate significant free cash flow in the second quarter. The world’s largest gold miner’s adjusted net income for the June quarter was $261-million, or $0.32 per diluted share, compared with $92-million, or...
Rio Tinto set on building long-delayed Simandou
Rio Tinto is suddenly in a rush to develop the giant and controversial Simandou iron ore project in Guinea, as half-year earnings support an investment case for the steel-making material. Iron ore accounted, once again, for the lion’s share of the second-biggest...
Copper Mountain shares up on strong Q2 results
Copper Mountain Mining exceeded its revised operating plan for the second quarter of 2020, the Vancouver-based miner announced on Wednesday. The company operates three mines, one in British Columbia and two in Australia. Production for the three-month period reached...