Buy a coal mine, get a bonus: Glencore makes fortune on Colombian deal With coal prices soaring, Glencore will get a "fat cheque" from revenues when the deal closes in 2022. Reuters | October 27, 2021 | 8:13 am
Acquisition-hungry Sibanye grabs stake in Australian zinc miner It has bought a 19.99% stake in New Century Resources, which owns a tailings zinc retreatment plant in Queensland. Cecilia Jamasmie | October 27, 2021 | 7:47 am
Zimbabwe miners losing 20% of export proceeds to exchange rate distortions Exporters are required to surrender 40% of their foreign currency earnings to the central bank, in exchange for local currency at the official rate. Reuters | October 27, 2021 | 7:26 am
Grupo Mexico net profit rises to $844m in third quarter The company also reported a 28.9% increase in revenue year over year, to $3.65 billion. Reuters | October 27, 2021 | 7:19 am
Rio Tinto to host world’s first carbon mineral storage hub near Iceland smelter Iceland-based Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO2 injection. MINING.COM Staff Writer | October 27, 2021 | 6:06 am
Equinox breaks ground at one of Canada’s largest gold mines The $1.23bn Greenstone Gold Mines project will produce more than 400,000 ounces of gold annually for the first five years of operations. Cecilia Jamasmie | October 27, 2021 | 5:29 am
Fresnillo’s production hit by labour shortages, lower grades The Mexico-focused precious metals miner is grappling with a staff shortage triggered by labour reforms in the country. Cecilia Jamasmie | October 27, 2021 | 3:42 am
Vulcan Energy accused of misleading investors with positive PFS — report J Capital alleges Vulcan's management team low-balled the costs, thus making the project look profitable, and overstated the quality of the resource. MINING.com Editor | October 26, 2021 | 2:16 pm
TSLA la land: Tesla vs Volkswagen 2021 battery power comparison Head to head, gigawatt for gigawatt Tesla vs Volkswagen’s electric car only sales show just how out of whack TSLA’s $1 trillion valuation really is. Frik Els | October 26, 2021 | 2:03 pm
