Eco Oro pulls out of Colombia gold concession amid legal battle — letter Eco Oro is the second multinational miner to fully pull out of a major project. Reuters | June 28, 2019 | 3:13 pm
India’s gold demand could fall to 3-yr low as prices hit record high Bullion dealers and jewelers are reporting that sales have dropped to levels more than 50 percent below normal in the past 10 days. Reuters | June 28, 2019 | 12:30 pm
China copper importers seek new metal sources as scrap crackdown bites China has been gradually curbing imports of scrap, which accounted for 10% of its copper use in 2018. Reuters | June 28, 2019 | 11:10 am
Elliott-funded Avocet to shut shop in face of high debt The miner, which has been making losses on an operating basis since at least 2013, had total debt of $32.2 million as at June 30, 2018. Reuters | June 28, 2019 | 10:10 am
Zambian court withdraws order blocking disposal of Vedanta unit assets The case has intensified concerns among international miners about resource nationalism in Africa. Reuters | June 28, 2019 | 9:29 am
Death toll rises at Glencore mine in Congo after collapse Army will deploy at the KOV open-pit mine as the search for more victims continues. Reuters | June 28, 2019 | 4:45 am
Unions at Chuquicamata mine approve Codelco contract offer, strike ends The three main labor unions at Chile's Chuquicamata mine voted to accept the latest contract offer from Codelco. Reuters | June 27, 2019 | 4:27 pm
Toyota to invest $2bn in developing electric vehicles in Indonesia The Japanese carmaker said this month that it aimed for half its global sales to be from electric vehicles by 2025, five years ahead of schedule. Reuters | June 27, 2019 | 11:16 am
Zambian court blocks asset sale by Konkola Copper Mines liquidator Government source says China's Nonferrous Metals Mining Corporation (CNMC) had offered $2 billion for KCM. Reuters | June 27, 2019 | 9:30 am
Peru native groups use new legal strategy to push back on oil, mining plans Native communities from the Peruvian Amazon and the Andes have filed at least eight lawsuits against the government since passage of the so-called "prior consultation" law in 2011. Reuters | June 27, 2019 | 9:20 am
At least 41 artisanal miners killed in Glencore’s Congo mine collapse The accident occurred in the KOV open-pit mine at the Kamoto Copper Company concession, in which Glencore owns a 75% stake. Reuters | June 27, 2019 | 9:08 am
Why Goldman thinks nickel is trading like a biotech start-up — opinion Nickel is defying both the general macroeconomic concerns weighing on other industrial metals and signs its own internal dynamics are weakening. Reuters | June 26, 2019 | 11:58 am