Miners’ profits face an unusual foe: extreme weather It is an unusual situation for companies that have experience operating anywhere in the world. Reuters | July 29, 2022 | 10:08 am
Copper price expected to rebound further, poll shows News of more infrastructure projects and support for China's property market boosted copper prices this week. MINING.COM Staff Writer | July 29, 2022 | 9:35 am
Codelco posts 35% drop in H1 pre-tax profit, production falls The miner produced 736,000 tonnes of copper between January and June, a 7.5% fall versus the first half of 2021. Reuters | July 29, 2022 | 9:03 am
Glencore flags cash tied up in record trading profits The world’s biggest commodity trader is expected to report record profits next week, driven by surging thermal coal prices and record trading returns. Bloomberg News | July 29, 2022 | 5:55 am
Eldorado Gold operating costs up more than 20% in Q2 The Canadian gold miner saw cash operating costs for the second quarter jump by 22%, while costs per ounce sold increased by 9%. Cecilia Jamasmie | July 29, 2022 | 3:18 am
Copper producers step up campaign against Chile royalty proposal Anglo American Plc indicated it needs greater regulatory clarity before proceeding with major investments. Bloomberg News | July 28, 2022 | 1:36 pm
Anglo American’s new boss sounds warning on future copper supply The world is headed for a severe shortage of copper as new mines become increasingly difficult to build, said Duncan Wanblad. Bloomberg News | July 28, 2022 | 10:12 am
If Brazil legalizes more Amazon mining, it would drive deforestation, study says Building new roads to reach mines would allow illegal loggers, land grabbers and ranchers easier access to relatively untouched parts of the forest, study says. Reuters | July 28, 2022 | 8:12 am
Anglo American cuts dividend as inflation, extreme weather erode earnings Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits. Reuters | July 28, 2022 | 7:55 am