Fortescue fast-tracks zero emissions target to 2030

Companies are teaming up to develop one of the country’s newest gold mine, the Asanko Gold Mine (AGM).

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

The combination of the two companies will result in a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.

The company amended its guidance to around 65 per cent of the average benchmark Platts 62 CFR index.

Mining operations will restart at Cadia East, in accordance with predefined test and response program, the company said in a statement.

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.

Failure to reach a labor deal caused a 44-day strike at the mine last year.

Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.