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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Freeport-McMoRan posts third-quarter profit on higher gold prices

22nd October 2020 Freeport McMoRan Inc reported a quarterly profit on Thursday, compared to a loss a year earlier, benefiting from higher gold prices as uncertainty fueled by the Covid-19 pandemic pushed investors toward safe-haven assets. Net income attributable to shareholders was $329-million, or 22 cents per... 

South African Cabinet approves export tax on chrome ore

22nd October 2020 South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday. "The interventions include the proposed introduction of the export tax on chrome... 

Antofagasta reports Q3 copper output fall but keeps guidance

21st October 2020 Chilean miner Antofagasta on Wednesday reported a 4.6% drop in third-quarter output on the previous quarter and said annual output was likely to be at the lower end of its 2020 guidance. Antofagasta produced 169 600 tonnes of copper during the third quarter down from the 177 700 tonnes in the... 

Kinross Gold not 'under pressure' to do deals, CEO says

21st October 2020 Miner Kinross Gold does not feel under pressure to do deals, CEO Paul Rollinson said on Tuesday, playing down a media report that said it was eying the sale of its business in the Americas. "We don't feel under pressure," to do deals, Rollinson said, adding that its mines in the Americas are an... 

Botswana sees 7.7 % growth in 2021 on diamond industry recovery

20th October 2020 Botswana's economy will rebound and grow 7.7% in 2021 from a 8.9% contraction forecast this year, on the back of improved sentiment in the global diamond industry, the finance minister said on Tuesday. Botswana's economy shrank by 24% in the second quarter of 2020 as coronavirus lockdowns at home... 

Brazilian miner Vale hints at fourth-quarter production boost

20th October 2020 Brazilian mining company Vale reported on Monday an increase in iron ore output in the third quarter and predicted a further boost in fourth-quarter output at some units, as a number of mines ramp up production or come online. In a securities filing, the company said it produced 88.7-million... 

Small mining companies knocked for falling behind on diversity

20th October 2020 Small mining firms are failing to increase their hiring of women while trading companies have made little progress in boosting Black representation, an industry conference heard on Monday. Employment of women in the traditionally male mining sector has risen and averages between 5% and 15%,... 

Escondida supervisers agree on labour deal, strike threat averted

17th October 2020 The union of supervisers at BHP's Escondida mine in Chile on Friday said it had reached an agreement on a labour deal, averting the threat of a strike at the world´s largest copper deposit. The new contract with the mine operator was approved in a 58% to 41% vote by the union´s members.... 

Kinross Gold considers moving primary listing to London - report

17th October 2020 Canadian gold miner Kinross Gold is considering moving its primary stock listing to London and selling its North and South American gold mines, The Globe and Mail reported on Friday, citing three sources familiar with the discussions. The miner is also considering doubling down on its portfolio... 

Newmont CEO sees copper growth, not worried about Barrick takeover

17th October 2020 Copper will account for up to one-fifth of the metal produced by top gold miner Newmont by the end of the decade through development of its existing portfolio, the miner's chief executive said on Friday. "Simply developing, and shepherding through and stewarding our organic project pipeline, we... 

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