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Reuters

Famed Cullinan mine banks on big diamonds to drive down debt

14th February 2019 The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life... 

Norway gives go-ahead to disputed Arctic copper mine

14th February 2019 Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen. "The mining project will strengthen the industrial base in the north," Industry Minister Torbjoern Roe Isaksen of the... 

Colombia coal output likely to hold steady in 2019, companies say

13th February 2019 Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019. The Andean nation is the world's fifth-largest exporter of coal. 

Peru agency rules out tailings spill at Southern Copper mine

13th February 2019 Peru's environmental regulator OEFA has concluded that mining waste from Southern Copper Corp's Cuajone unit did not spill into the environment during heavy rains last week. OEFA said in a statement late Tuesday that it was still supervising operations at Cuajone but had ruled out any tailings... 

Palladium supply shortfall will worsen this year – Johnson Matthey

13th February 2019 A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly... 

Australia flooding to disrupt lead, zinc concentrate rail shipments

13th February 2019 Floods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday. The 1 000 km (620 mile) rail line is used by miners including Glencore, MMG... 

Teck misses profit estimates on lower oil, metal prices

13th February 2019 Canada's Teck Resources, the world's second-biggest exporter of steel-making coal, posted a lower-than-expected quarterly profit on Wednesday, hurt by weak prices for heavy crude and base metals. Transportation bottlenecks in the country have pushed prices of Canadian oil lower, hurting the... 

Livent's lithium woes in China cloud industry outlook

13th February 2019 Livent on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post... 

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

13th February 2019 A group of international non-governmental organisations on Tuesday demanded that Brazilian miner Vale be excluded from the United Nations' corporate responsibility pact, after a mining dam burst that killed an estimated 300 people. A letter signed by more than 15 NGOs said that Vale failed to... 

Cobalt's price crash bottoming out, stocks to hinder quick rally

12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

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