Vale says its Sossego copper mine operating license has been suspended Vale produced 66,800 metric tons of copper in 2023 in Sossego. Reuters | February 21, 2024 | 4:20 pm
IGO profit slumps on impairment charge, weak prices IGO's net profit attributable for the half year ended Dec. 31 came in at A$288.3 million. Reuters | February 21, 2024 | 2:37 pm
Pilbara Minerals HY profit slumps, withholds dividend Australia's biggest pure-play lithium miner reported after tax half-year profit of A$273 million. Reuters | February 21, 2024 | 2:35 pm
Australia’s Orica seals $640m deal to buy US chemical firm Cyanco Cyanco produces NaCN, a specialized chemical required for gold processing, at its Nevada and Texas plants in the US. Reuters | February 21, 2024 | 2:00 pm
Eramet in talks with France to offload debt from SLN nickel unit Eramet, which has refused to inject more funds into SLN, aims to reach a deal in the coming weeks to remove some 320 million euros of debt. Reuters | February 21, 2024 | 10:07 am
China’s top coal producing region tells miners to curb overproduction Coal miners in Shanxi were asked to reduce output and carry out safety checks from March to May. Reuters | February 21, 2024 | 9:45 am
AMG cuts 2024 profit target as low lithium prices weigh The lithium supplier said it would reduce its headcount by around 200. Reuters | February 21, 2024 | 9:36 am
China lithium futures ride environmental rollercoaster The most-active July contract on the Guangzhou Futures Exchange surged by 10%. Reuters | February 21, 2024 | 9:20 am
In election year, South African mines bleed cash, jobs The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits. Reuters | February 21, 2024 | 7:54 am
Rio Tinto reports 12% profit drop but returns more cash to investors The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation. Reuters | February 21, 2024 | 7:50 am
Burkina Faso suspends export permits for small-scale gold production Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020. Reuters | February 21, 2024 | 7:46 am
Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million The sale would not affect Piedmont's joint venture or offtake agreement with Sayona's business unit, Sayona Quebec. Reuters | February 21, 2024 | 7:22 am