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Reuters

Southern Copper says Peru plant to be partially suspended 3 to 5 days

12th February 2019 Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a... 

Russia's central bank to pay less for domestic gold from May

11th February 2019 Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday. The central bank said that from May 1 it would add a discount to a purchase price currently based on the daily London Bullion Market Association (LBMA) gold price. The... 

As ice melts, Greenland could become big sand exporter - study

11th February 2019 Greenland could start to export sand in a rare positive spinoff from global warming that is melting the island's vast ice sheet and washing large amounts of sediment into the sea, scientists said on Monday. Mining of sand and gravel, widely used in the construction industry, could boost the... 

Polyus reports jump in profit on rising gold sales

11th February 2019 Russia's largest gold producer, Polyus, on Monday reported a 20% jump in fourth-quarter adjusted net profit to $291-million compared with last year, lifted by increased production and rising sales of the metal. Adjusted net profit for the full year rose to $1.33-billion, Polyus said, up from... 

China iron-ore rises to record on concerns over Brazilian supply

11th February 2019 China iron-ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine. The most-active iron ore futures for May delivery on the... 

Codelco plans to resume Chuquicamata mine operations after rains

11th February 2019 Chilean State miner Codelco said on Saturday it hoped to soon restart operations at its northern Chuquicamata copper mine a day after heavy rains forced its suspension. Codelco said operations at its smaller Ministro Hales mine restarted late on Friday after several hours' suspension and that... 

Peru's environmental watchdog reports tailings spill from Southern Copper mine

11th February 2019 Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said... 

Codelco part-suspends operations amid heavy rain

8th February 2019 Chilean State miner Codelco said on Friday heavy rains had forced suspension of operations at its northern copper mines Chuquicamata and Ministro Hales. Codelco said it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well. 

Glencore's Zambian unit suspends operations after three workers die in fire

8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

Shares in Russia's Rusal jump 12% on upbeat aluminium demand outlook

8th February 2019 Russian aluminium giant Rusal expects demand for aluminium to grow in 2019 and sees potential for prices to rise, it said on Friday, sending its Hong Kong-listed shares up 12% to a 10-month high. Shares in Rusal, the world's largest aluminium producer outside China, hit their highest since April... 

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