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Turquoise Hill gold production drops 78%
Turquoise Hill Resources reported on Thursday that Oyu Tolgoi mine Q1 gold production plunged 78% year-over-year to 26,154 ounces, and that copper output slid 23% to 35,203 tonnes. The Rio Tinto-controlled company that operates the mine in Mongolia reported that sales...
Overview Market Close – Aprile 16, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 23,537.68 +33.33 +0.14% S&P 500 INDEX 2,799.55 +16.19 +0.58% NASDAQ COMPOSITE INDEX 8,532.36 +139.19 +1.66% NYSE COMPOSITE INDEX 10,818.03 -25.89 -0.24% S&P/TSX COMPOSITE INDEX 13,899.32 -59.26...
China’s top lithium miner eyes stake sale
China’s Tianqi Lithium Corp., the country’s top producer of the battery metal, said on Wednesday it would post a net loss in the first quarter of 2020, adding pressure to take aggressive measures, including stake sales, to pay back over $6 billion in debt. The...
Zambia plans to revoke Glencore’s Mopani Copper Mines licenses
Zambia plans to revoke the mining licences of Glencore subsidiary Mopani Copper Mines (MCM) because the company did not give enough notice before suspending its mining operations in the coronavirus crisis and other problems. In a letter dated April 14 to Mopani’s...