Strong rouble, one-off expenses hit Russia’s Nornickel’s H1 earnings

Russia's Norilsk Nickel reported a 3 percent fall in first-half core earnings on Tuesday, missing analysts' forecasts, due to a stronger rouble and a jump in social expenses.

Reuters | August 15, 2017 | 12:33 pm

ArcelorMittal South Africa considers job cuts, restructuring

ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.

Reuters | August 15, 2017 | 6:40 am

Vale gauges how to speed listing in strictest Brazil market

Bigger-than-expected shareholder support in Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to accelerate the listing of common shares in Brazil's strictest market segment and lure a boarder base of investors.

Reuters | August 14, 2017 | 2:56 pm

Zambia’s copper mine suspends operations after restricted power supply

Glencore's Zambian Mopani Copper Mines unit suspended operations in certain areas on Saturday after the Copperbelt Energy Corporation (CEC) restricted power supply to its sites in both the Kitwe and Mufulira regions.

Reuters | August 13, 2017 | 5:10 pm

First Quantum to shutter Australia nickel mine in September

First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month due to persistently weak nickel prices, sending its shares lower.

Reuters | August 9, 2017 | 3:14 pm

Cash-rich Newmont Mining mulls boosting dividend as peers pursue debt reduction

With a plump $3.1 billion pile of cash, Newmont Mining Corp is mulling a sweeter dividend to attract a broader shareholder base, a move that makes it an outlier in the still recovering gold sector.

Reuters | August 9, 2017 | 10:23 am

BHP turns to electric car batteries to recharge its nickel business

The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.

Reuters | August 9, 2017 | 9:36 am

Lithium processors prepare to meet demand in era of electric car

Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall.

Reuters | August 8, 2017 | 10:37 am

Lonmin to sell surplus platinum capacity to raise cash

Platinum miner Lonmin Plc said on Monday it would cut costs and sell some assets, including processing capacity of up to 500,000 ounces per year, as it battles to overcome a weak market and to preserve jobs.

Reuters | August 8, 2017 | 10:07 am

Sumitomo Metal Mining exits Solomon Islands nickel exploration project

Japan's Sumitomo Metal Mining Co Ltd. said on Tuesday it will exit from a nickel exploration project in the Solomon Islands because of slumping nickel prices and the loss of a legal dispute over mining rights in the country.

Reuters | August 8, 2017 | 9:59 am

Michelangelo’s unrealised marble dream comes true in Italian quarry

In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.

Reuters | August 4, 2017 | 3:00 pm

South Africa’s mines minister withdraws plan to suspend rights

South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.

Reuters | August 4, 2017 | 11:48 am

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