Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned. South Africa's largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provis...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resources"For the first time in six years gold is the great narrative. In recent years it has been a contrarian message, but it is now mainstream," president and CEO Jay Martin told Mining Journal.Read More
Production in the fourth quarter at TMAC Resources' (TSX: TMR) struggling Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review process.The deferral of mining in the BTD East Limb due to rehabilitation work, which impacted available grade, was the biggest factor in the company's weak quarterly production results of 24,650 oz. gold, TMAC said.Dis...Read More
Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, for ?405 million (US$527 million).As part of the deal, Sirius shareholders will receive 5.5 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, which was the day before Anglo confir...Read More
New York-based ARK Investment Management forecasts sales of electric vehicles will reach 37 million units in 2024.ARK, which focuses on disruptive technologies, said EV sales in 2019 hit about 2 million units, up from 1.45 million units in 2018."EV sales are expected to grow significantly during the next five years," ARK says in a research report, despite "an estimated 3.1 million drop in total au...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe China-US trade-war truce unveiled last week was a well-flagged event and, while the devil will be in the detail, it was an unquestionably...Read More
As prices go down, miners are expecting that strategies to reduce oversupply eventually work.Read full newsRead More
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