Vancouver-based silver, lead and zinc miner Silvercorp Metals (TSX: SVM) has been ramping up operations at its Ying and GC mines in China since mid-February with no reportable incidents, and in full compliance with government measures implemented to limit the potential transmission of Covid-19, the company said.
Read ArticleFreeport-McMoRan (NYSE: FCX) announced on Monday that it will grow its copper and gold volumes by 30 to 40%.The company also said it will reduce net unit cash costs of copper by 25% to approximately $1.30 per pound and more than double its cash flows by 2021, compared with 2019.
Read ArticleVale (NYSE:VALE) said on Monday it was closely monitoring its Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, as an embankment at the facility continues to erode, following heavy rainfall.
Read ArticleA new filtration technique could cut the time needed to produce lithium raw materials at South America’s vast evaporation ponds to hours from months, according to a study by a group of international scientists.
Read ArticleNewcrest (ASX: NCM) announced Wednesday the finalized sale of 100% of Newcrest Singapore Holdings Pte (NSH) to Indotan Halmahera Bangkit (Indotan) for A$90m, (about $60m) of which A$60m has already been received and the remaining A$30m is payable in 18 months.
Read ArticleA gathering of prospectors and mine developers in Toronto began with an upbeat mood, despite the spreading coronavirus. By the time it ended, reality set in, with signs of financing drying up.
Read ArticleRio Tinto’s new carbon emissions reduction targets have triggered heated criticism from some investors and environmental groups, with a group led by a Friends of the Earth’s subsidiary tabling a shareholder motion to improve what it calls “weak” climate goals.
Read ArticleThe impact of the coronavirus has been felt on a range of markets as well as the macroeconomic performance of the Chinese economy during early 2020. The rare earths industry has not been exempted from these factors, as many Chinese processing facilities have reported prolonged closures after the Chinese New Year holiday and there have been disruptions to both local and national transport networks, labour availability and enforced shutdowns at facilities, a new market report by Roskill found.
Read ArticleCodelco has received an environmental permit for a $1 billion expansion of its Salvador mine, the state-controlled copper company said on Friday. The Rajo Inca project will increase production at Salvador to 90,000 metric tonnes per year of copper, up around 30% from current levels.
Read ArticleNevsun Resources (TSX, NYSEMKT:NSU) has lost its bid to have Canada’s Supreme Court throw out a lawsuit by former employees who say they were forced to work at the company’s copper-zinc Bisha mine in Eritrea, East Africa.
Read ArticleThe US Federal Trade Commission (FTC) has rejected Peabody Energy and Arch Coal’s plans to combine their operations in Wyoming and Colorado, saying it would limit competition and raise prices.
Read ArticleLynas (ASX: LYC) said on Thursday Malaysia has approved a new three-year licence that allows the Australian miner to operate the only major rare earths processing plant outside of China.
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