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Reuters

Nornickel to boost nickel, palladium output in 2019

30th January 2019 Russia's Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its output of palladium and nickel from Russian raw material would increase in 2019. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, said previously it would ramp up... 

AngloGold soil study in Colombia halted pending review after mining ban

30th January 2019 Miner AngloGold Ashanti said on Tuesday it has halted a soil study at a site in Colombia after the town's mayor issued a suspension order because of a recent mining ban. Work at the site in Jerico, Antioquia province, was stopped on Monday and the project will remain halted pending a review by... 

Australia wins appeal against BHP over tax owed by marketing arm

29th January 2019 Australia's federal court ruled against BHP Group Ltd on Tuesday over whether the global miner should pay tax in Australia on profits made by its marketing arm on the sale of commodities owned by the company's UK side, BHP Group Plc. BHP, which has a dual sharemarket listing in Australia and the... 

Brazil dam disaster may delay Samarco settlement for BHP, Vale

29th January 2019 Brazil's deadly tailings dam collapse is likely to complicate a settlement for a similar disaster less than four years ago at the Samarco iron ore mine, owned jointly by Vale and BHP Group, investors said on Tuesday. Vale and BHP have been aiming to restart the mine as early as 2020 following a... 

In the new lithium 'great game', Germany edges out China in Bolivia

28th January 2019 When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe... 

Zambia's mining investment arm ups stake in Copperbelt Energy

28th January 2019 Zambia's State mining investment arm is increasing its shareholding in Copperbelt Energy Corporation (CEC) by 4%, its CEO said on Monday. "We are increasing the shareholding in CEC by 4%and are also looking to buy more shares," Pius Kasolo, CE of ZCCM-IH said during a media briefing. 

Boost for international miners as India's thermal coal imports jump

28th January 2019 India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit. Coal is among the top five commodities imported by India, one of the... 

Second Vale dam burst in Brazil likely to curb mining risk appetite

28th January 2019 Mining company Vale's second dam disaster in Brazil in less than four years deals a blow to an industry grappling with investor wariness and a poor image and casts doubt on new President Jair Bolsonaro's vow to reduce government regulation. Brazilian rescue workers on Saturday were searching for... 

Vale suspends dividends, buybacks and bonuses after Brazil dam disaster

28th January 2019 Vale, the world's largest iron-ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses in light of a deadly tailings dam disaster in Brazil, according to a securities filing late on Sunday. Vale's board of directors also created independent committees to... 

Chilean miner Antofagasta studying $3bn expansion at Centinela -paper

28th January 2019 Chilean copper miner Antofagasta is evaluating building a new concentrator plant at its Centinela mine that would cost around $3 billion, the CEO of the company was quoted telling a local daily on Sunday. Antofagasta's copper production rose 3% to 725 300 t last year, allowing the company to... 

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