Europe’s biggest aluminum smelter cuts output on power price surge

Inventories are down 55% this year and are on course to reach levels last seen in 1990.

This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro.

The company couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.

The Chilean miner expects demand to outstrip supply in 2019 as consumption growth remains positive, but production increases continue to be minimal.

The precious metal is up nearly 90% since August.

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.

Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.