News and Reports

Brazilian court overturns suspension of Autazes potash mine

October 19, 2023 / www.mining-journal.com

The license, granted by the Amazon government, had been initially suspended by a lower court. Judge Marcos Augusto de Souda overturned the suspension on Tuesday.Read More

'Ship has sailed' on Nutrien takeover, BHP CEO tells...

October 19, 2023 / www.mining-journal.com

'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesSpeaking to the Globe and Mail, BHP boss Mike Henry said he had "no kind of burning desire or need," to...Read More

G7 Considers Four Options for Russian Ban

October 19, 2023 / www.idexonline.com

(IDEX Online) - The G7 nations are today due to consider four options to implement a ban on Russian diamonds.They will discuss the technicalities and legalities of preventing goods, primarily from Alrosa, entering the supply chain.Belgium, India, France and the World Diamond Council have all put forward proposals.Belgium wants mandatory third-party blockchain technology to certify the provenance o...Read More

Diavik Diamond Production Drops by 37%

October 19, 2023 / www.idexonline.com

(IDEX Online) - Rio Tinto reported a 37 per cent drop in Q3 production at its only diamond mine, Diavik, in Canada's Northwest Territories.It said the completion of an underground pipe, and an area of the open pit at the mine, 200 miles from the Arctic Circle, were to blame for the lower output.Rio Tinto said Q3 production for the three months to 30 September was 757,000 carats, down from 970...Read More

Taranis files case against BC over permit delays

October 19, 2023 / www.mining-journal.com

'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesThe application for Taranis' Thor project in BC has been delayed for 14 months now.Read More

Glencore closing Mt Isa copper as ASX copper sector...

October 18, 2023 / www.mining-journal.com

There are no significant independent copper companies operating in Australia listed on the ASX since BHP's takeover of OZ Minerals last year.Read More

Video: Robert Friedland warns we're 'on the verge of destroying ourselves as a species'

October 18, 2023 / www.northernminer.com

Robert Friedland arrived fresh off a flight from Mongolia just in time to be the last keynote speaker of The Northern Miner's Canadian Mining Symposium in London, U.K., Oct. 12-13. In no-holds-barred remarks that covered everything from climate change and the role of miners in the green energy transition to the recent outbreak of war between Israel and Hamas, the famed mining financier and founder...Read More

Alrosa Could Sell Stake in Angola Mine

October 18, 2023 / www.idexonline.com

(IDEX Online) - Alrosa could sell its 41 per cent stake in the Catoca diamond mine, in Angola, according to media reports.The sanctioned Russian miner is said to be negotiating an exit from its joint venture with Endiama, Angola's state-owned miner, which also holds a 41 per cent stake, according to the Africa Intelligence website.The remaining 18 per cent is owned by Leviev International - L...Read More

BHP sells met coal assets for $4.1bn

October 18, 2023 / www.mining-journal.com

BHP has been working to exit fossil fuel positions, as it pivots to focus on energy transition.Read More

Petra's Revenue Halved at Tender 2

October 18, 2023 / www.idexonline.com

(IDEX Online) - Petra saw revenue almost halved at its latest tender.The UK-based miner sold a total of $40.5m at its Tender 2 (September/October), down 49 per cent on $79.3m at Tender 1 in August.Three quarters of the goods by volume - 344,554 carats - were sold in September, ahead of the Indian moratorium (15 October to 15 December) for $30.2m. The remaining 99,475 carats have now sold for...Read More

DiCaprio Invests in Sustainable Swiss Watches

October 18, 2023 / www.idexonline.com

(IDEX Online) - Leonardo DiCaprio has invested $2m in ID Geneve, a new and environmentally-conscious Swiss watch brand.The Hollywood actor, who starred in the 2006 movie Blood Diamond, has previously provided financial backing for Diamond Foundry, the US lab grown company.ID Geneve is Switzerland's first luxury watchmaker to be awarded B Corp Certification based on its entire social and envir...Read More

Zombie Alert!

October 18, 2023 / dailyreckoning.com

Today we run a warning flag up our flagpole…For we have detected "zombies." Zombies?Mr. Robert Burrows of BondVigilantes.com:Zombie firms are essentially companies that exist on borrowed time.They struggle to generate enough profits to cover their debt obligations, yet manage to stay afloat thanks to lenient borrowing conditions. The prolonged period of ultra-low interest rates following the...Read More

Teck fined for Andacollo environmental breach

October 18, 2023 / www.mining-journal.com

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEncounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resources'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources The authority said the company had not completed the construction of an infiltration capture system at...Read More

Hochschild on track to hit revised guidance

October 18, 2023 / www.mining-journal.com

The London-listed miner restated its revised full-year attributable production guidance of between 289,000 and 303,000 gold equivalent oz.Read More

Antofagasta copper production jumps 16%

October 18, 2023 / www.mining-journal.com

The company has produced 469,100t in the first nine months of 2023, 4.1% higher than a year ago and left its full-year guidance unchanged at 640,000-670,000t.Read More

Paradox lithium resource increase 45%

October 18, 2023 / www.mining-journal.com

Paradox lithium resources are 45% higher than previously reported, including a 6% increase in indicated resources and a 117% increase in inferred resources.Read More

OZ takeover delivers BHP copper boost

October 18, 2023 / www.mining-journal.com

The deal for OZ was concluded on May 2, and with a full September quarter of production from the Carrapateena and Prominent Hill operations under its belt, BHP reported an 11% boost in production ofRead More

Codelco to acquire Lithium Power for A$385M

October 18, 2023 / www.mining-journal.com

'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesThe agreement is the first lithium acquisition by Codelco. Lithium Power shareholders will receive A$0....Read More

Rio Tinto points to Oyu Tolgoi affect in Q3 production...

October 17, 2023 / www.mining-journal.com

This, the company outlined in its production results, was due to the continued ramp-up of ore from Oyu Tolgoi (up 16% on the year in terms of volume mined) and higher feed grades at Escondida.Read More

Risks to metals markets are starting to crystallise...

October 17, 2023 / www.mining-journal.com

"The market is pretty well versed and understands the opportunity and investment requirement.Read More

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