Anglo CEO says miners must make “tough decisions” to remain profitable

Duncan Wanblad said on Thursday mining companies have to confront tough decisions such as cutting costs as weak metal prices hit earnings.

Reuters | October 5, 2023 | 11:04 am

Spotlight still on Vedanta $3 billion debt despite spinoff plan

While equity investors gave the demerger plan a thumbs up,…

Bloomberg News | October 4, 2023 | 5:48 pm

First Quantum says open to adjusting contract for Panama operations

The company said in a statement it will collaborate with…

Reuters | October 4, 2023 | 4:10 pm

Suncor to buy Total’s Fort Hills stake in $1.07 billion deal

The acquisition would add 61,000 barrels a day of net…

Bloomberg News | October 4, 2023 | 3:01 pm

Taseko boosts copper production at Gibraltar mine after upping stake

Gibraltar is the second-largest open pit copper mine in Canada.

Staff Writer | October 4, 2023 | 2:13 pm

Gold miners look beyond Fed hikes to predict $1,800 comeback

Not even the most hawkish Federal Reserve in decades can beat down the exuberance of gold enthusiasts at the industry’s biggest annual gathering.

Bloomberg News | September 19, 2022 | 4:47 pm

Skeena announces bought deal to fund Eskay Creek NSR buyback

The latest financing package would allow Skeena to buy back a 0.5% NSR royalty for a total of $17.5 million.

Staff Writer | September 19, 2022 | 11:12 am

Kinross Gold to buy back $300 million of shares following talks with Elliott

The company said it will repurchase the shares over the remainder of this year and will allocate 75% of its excess cash for more buybacks in 2023 and 2024.

Bloomberg News | September 19, 2022 | 9:33 am

Peru communities lift blockade disrupting key copper transport road

A meeting with Prime Minister Aníbal Torres has been set for Tuesday.

Reuters | September 19, 2022 | 9:24 am

OZ Minerals said to seek A$10 billion in potential sale

BHP has been considering raising its bid for OZ Minerals and could increase its proposal as soon as this month.

Bloomberg News | September 18, 2022 | 7:45 pm

Russia’s secret gem sales are dividing the diamond world

There’s a handful of Indian and Belgian buyers who are snapping up large volumes of Russian diamonds at lucrative terms.

Bloomberg News | September 17, 2022 | 3:48 pm

Nornickel plans to raise employees’ stake in mining giant, says top shareholder

Nornickel plans to increase the equity holdings of employees and other individuals to collectively comprise 25% of the company, up from 10% now.

Reuters | September 17, 2022 | 3:28 pm

B2Gold’s drill results from Anaconda point to further growth in Mali

The company has completed about 116,000 metres of drilling on targets near the Fekola mine and the Anaconda area this year.

Staff Writer | September 16, 2022 | 11:39 am

Lula campaign mulls new mining royalties in Brazil, spooking industry

Among the projects that could be affected should Lula win and impose the special royalty rate are a series of Vale-operated iron ore complexes in the Carajas region of northern Brazil.

Reuters | September 16, 2022 | 11:39 am

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