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Reuters

Congo's Jan to May copper output slides 16%, cobalt down 21%

9th July 2019 Copper production in Democratic Republic of Congo, Africa's top producer, fell by 16.2% year-on-year in the January to May period, while cobalt output slid 21.5%, the central bank said on Tuesday. Copper output for the first five months of 2019 stood at 416 067 t compared with 496 468 t in the... 

Nyrstar extends stoppage at Port Pirie smelter until late July

9th July 2019 Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July. The Belgium-based company now expects both the TSL and the blast furnace to restart by the end of July. 

Brazil to auction mining rights for about 1 000 areas this year – regulator

9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Congolese army fires in the air during protest near Glencore plant

8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Chile mining sector continues to lag on growth

5th July 2019 Chile's economic activity rose 2.3% in May from the same month a year ago, the central bank said on Friday, as the top copper producer´s crucial mining sector continued to lag. The IMACEC economic activity index encompasses about 90% of the economy tallied in gross domestic product figures. 

UN deep sea mining body rejects Greenpeace criticism

5th July 2019 The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the UN body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and... 

India raises import duties on gold, other precious metals

5th July 2019 India has raised the import duties on gold and other precious metals to 12.5% from 10%, Finance Minister Nirmala Sitharaman said in her first federal budget speech on Friday, which may boost smuggling in the world's second-biggest bullion consumer. Shares of jewellery makers such as Titan and PC... 

Acacia reports 13% rise in gold reserves for Tanzania mine

5th July 2019 Acacia Mining on Friday reported a 13% rise in gold reserves at the end of May for its Gokona mine in North Mara, Tanzania, adding weight to its view that majority shareholder Barrick Gold's buyout proposal undervalued the miner. Acacia Mining last month strongly disagreed with the world's No. 2... 

ArcelorMittal removes 30 families from area close to dam in Brazil

4th July 2019 The Brazilian unit of steel group ArcelorMittal moved 30 families from their houses near its Serra Azul mine in the town of Itatiaiuçu, Minas Gerais state, as a precautionary action after it ran a new risk evaluation of a dam close to the mine. The company said on Thursday that there was no... 

Rio Tinto's Icelandic aluminium plant attracts Glencore, Trimet – sources

4th July 2019 At least three companies including Glencore and Trimet Aluminium have expressed an interest in buying Rio Tinto's aluminium assets in Iceland, Sweden and the Netherlands for up to $350-million, banking sources said. Rio Tinto restarted the sale process for the assets in late 2018, with the help... 

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