Output at South Africa’s Amplats hit by Eskom power cuts Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners. Reuters | April 25, 2019 | 11:11 am
Lucara finds largest uncut diamond in recent history in Botswana mine The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces). Reuters | April 25, 2019 | 10:19 am
Brazilian miner Vale files $2B lawsuit over Guinea project The arbitration case stemmed from a dispute between Vale and BSG Resources Ltd over a joint venture to develop the Simandou mine. Reuters | April 25, 2019 | 10:09 am
Africa’s Sibanye-Stillwater lowers valuation for miner Lonmin Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed. Reuters | April 25, 2019 | 10:00 am
Russia’s Alrosa expects drop in 2019 sales as demand falters from China Alrosa's sales in the first quarter fell 38 percent from a year earlier to $988 million. Reuters | April 25, 2019 | 9:53 am
Freeport shares drop after quarterly profit misses expectations The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter. Reuters | April 25, 2019 | 9:41 am
Newmont Goldcorp profit beats on higher production as prices fall Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually. Reuters | April 25, 2019 | 9:22 am
Acacia Mining core profit slumps as Tanzanian troubles bite Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. Reuters | April 25, 2019 | 9:11 am
China’s Australian coking coal imports double in March from Feb Arrivals of Australian coking coal were at 2.23 million tonnes last month, up 92% from 1.16 million tonnes in February. Reuters | April 25, 2019 | 9:06 am
Tesla reports first-quarter losses, more to come Tesla Inc on Wednesday reported a $700 million loss for the first quarter and said it would also lose money in the second. Reuters | April 24, 2019 | 4:06 pm
First hybrid dump machine to cart copper at Codelco’s El Teniente mine in Chile Codelco is undergoing a 10-year, $40 billion overhaul of its aging mines, including efficiency upgrades to boost productivity and lower costs. Reuters | April 24, 2019 | 3:55 pm
Deep sea mining boss says new law could be adopted next year China and a quest for battery minerals have injected momentum into a long U.N. process to agree to a law on deep sea mining. Reuters | April 24, 2019 | 1:28 pm