UN at COP26: “Enough of mining…we are digging our own graves”

The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Budgets jumped about 19%, outpacing last year’s gain.

Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years.

Abandon ship!

Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year.

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

The agreement provides a considerable combined offering to the mineral exploration and mining market.

The Euro Sun describes it as one of the largest mineral deposits in the European Union.