MINING.COM

Saudi miner said to weigh world’s biggest rights issue in a year

Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018.

Bloomberg News | May 27, 2019 | 9:07 am

Philippines exempts gold sales to central bank from taxes to boost foreign reserves

By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.

Reuters | May 22, 2019 | 9:28 am

Vedanta wins bids to explore and mine two Indian copper blocks

The news comes a day after Zambia said it planned to strip Vedanta-controlled Konkola Copper Mines of its mining licence for breaching deal terms.

Reuters | May 21, 2019 | 9:21 am

BHP more bullish on long-term EV prospects

The world's largest miner has revised up expectations for electric vehicle sales and market penetration, but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.

Cecilia Jamasmie | May 21, 2019 | 7:45 am

Lynas to move upstream processing of rare earths from Malaysia to Australia

The Australian miner, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off takeover attempts.

Cecilia Jamasmie | May 21, 2019 | 4:55 am

StanChart is said to hire JPMorgan’s top mining banker in Asia

Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.

Bloomberg News | May 17, 2019 | 9:18 am

Anglo Asian’s Azerbaijan gold output rises 22% in 2018

Gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.

Reuters | May 16, 2019 | 10:09 am

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

Sailingstone, its second biggest investor, flagged its vote in an open letter last month, citing governance issues and the board's lack of engagement with minority investors.

Reuters | May 14, 2019 | 2:18 pm

JX Nippon Mining appoints new president, sets out long-term vision

Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.

Reuters | May 13, 2019 | 9:17 am

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