R/€ = 16.65 Change: 0.01
R/$ = 15.26 Change: 0.05
Au 1645.38 $/oz Change: -7.07
Pt 920.46 $/oz Change: -13.23


Rio's free cash flow up by 31% in 2019

By: Esmarie Iannucci     26th February 2020 Higher iron-ore prices has helped to drive a 31% increase in free cash flows for diversified miner Rio Tinto during the 2019 financial year, compared with 2018. The miner on Wednesday announced that free cash flow for the full 2019 reached $9.1-billion, up from the $6.9-billion reported in 2018,... 

Weir Minerals launches mine tested Linatex® Ceramic Hose to meet growing global demand

By: Creamer Media Reporter      26th February 2020 Linatex® ceramic hose has proven its ability to deliver exceptional wear life for moving abrasive minerals. Weir Minerals is proud to announce the global launch of its newest offering in the slurry transportation space: Linatex® ceramic hose. The ceramic hose combines our Linacure® rubber with... 

Ivanhoe rapidly progressing Kakula mine development  

By: Marleny Arnoldi     25th February 2020 TSX-listed Ivanhoe Mines has completed more than 8 km of underground development at the Kakula copper mine, in Democratic Republic of Congo. The company on Tuesday said this was 1.7 km ahead of schedule.  

Teck warns of C$1.13bn hit if Trudeau rejects Frontier project

By: Reuters     21st February 2020 Canadian miner Teck Resources said on Friday it would write down the value of its proposed Frontier oil sands mine by C$1.13-billion should Prime Minister Justin Trudeau's government reject the project. The fate of the C$20.6-billion mine is expected to be decided by next week in what has become... 

Newmont invests $150m in ‘world-first’ autonomous fleet at Boddington

By: Creamer Media Reporter      20th February 2020 The board of NYSE- and TSX-listed Newmont has approved a $150-million autonomous haulage system (AHS) investment for the Boddington mine, which will turn the Australian mine into the world’s first openpit gold mine to operate a fleet of autonomous haul trucks. Announcing the investment on... 

Freeport Indonesia aims for August kick-off of construction on new copper smelter

By: Reuters     19th February 2020 Freeport Indonesia, operator of Grasberg, the world's second-biggest copper mine, expects to start construction of a new smelter in August, its chief executive said on Wednesday. Front-end engineering and design for the $3-billion smelter has been concluded and ground preparation is expected to... 

Glencore's lower earnings reflect uncertain trade deal negotiations 

By: Martin Creamer     18th February 2020 The 2019 performance of diversified mining and marketing company Glencore reflected the prolonged and uncertain trade deal negotiations, generally weaker prices for key commodities and some operational challenges experienced at the ramp-up and development of assets, CEO Ivan Glasenberg said on... 

Glencore provides update on its transition to low-carbon economy

By: Martin Creamer     18th February 2020 JOHANNESBURG ( – Diversified mining and marketing company Glencore on Tuesday published an update on its performance in transitioning towards a low-carbon economy. This follows its climate change position statement of February 2019. 

Minnesota Natural Resources Dept and PolyMet approach Supreme Court

By: Mariaan Webb     17th February 2020 The Minnesota Department of Natural Resources (DNR) and Toronto-headquartered PolyMet Mining have approached the Supreme Court to review last month’s state Court of Appeals decision on permits for the NorthMet project. The DNR is seeking a review of a decision regarding three permits that it... 

DeGrussa back at work after cyclone

By: Esmarie Iannucci     14th February 2020 Copper/gold miner Sandfire Resources on Friday confirmed that underground mining at its DeGrussa operation, in Western Australia, was temporarily suspended earlier this week after rainwater ingress at the mine. The company told shareholders that rainwater associated with Tropical Cyclone Damien... 

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