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US copper frenzy grows as Rio Tinto plans $1.5 billion Utah mine expansion
Rio Tinto Plc said on Tuesday it would spend $1.5 billion to expand its Kennecott copper mine in Utah, part of a growing trend by miners to invest in strategic mineral projects across the United States. The move more than doubles the mining industry’s recent...
Overview Market Close – December 03, 2019
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,502.81 -280.23 -1.01% S&P 500 INDEX 3,093.20 -20.67 -0.66% NASDAQ COMPOSITE INDEX 8,520.65 -47.34 -0.55% NYSE COMPOSITE INDEX 13,366.09 -82.17 -0.61% S&P/TSX COMPOSITE INDEX 16,892.18 -89.29...
Vale to suspend disposal from Brucutu mine at Laranjeiras dam
Vale SA, the world’s largest iron ore miner, said on Monday that it would slash output from its Brucutu mine for up to two months as it evaluates the stability of the nearby Laranjeiras dam, where much of the mine’s waste is normally disposed. The move will leave...
Zijin Mining to buy Canada’s Continental Gold in $1 billion deal
Zijin Mining, China’s No.1 gold producer, is buying Canadian miner Continental Gold for almost C$1.4 billion ($1bn), in a move aimed at increasing the company’s bullion reserves and boosting cash flow as well as profit. The mining giant is offering C$5.50 a share in...