R/€ = 19.08 Change: 0.02
R/$ = 16.20 Change: 0.00
Au 1905.60 $/oz Change: 1.93
Pt 879.94 $/oz Change: 0.40


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.

SMB-Winning aims to bring Guinea's Simandou iron ore to market in 2025

16th October 2020 China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guinea's massive Simandou iron-ore deposit into production by 2025, chairmperson Fadi Wazni said on Friday, a tight timetable for a huge mine and infrastructure project. The consortium - which includes Société Minière de Boké... 

Barrick a 'long way off' deal with PNG in mine dispute, CEO says

16th October 2020 Barrick Gold CEO Mark Bristow on Friday said the Canadian miner is a "long way off" from reaching agreement with Papua New Guinea (PNG) over the disputed Porgera gold mine. Prime Minister James Marape said on Thursday the Porgera mine, a joint venture between Barrick and China's Zijin Mining ,... 

Russian diamond producer Alrosa's third-quarter output down 24%

16th October 2020 Russian diamond producer Alrosa's third-quarter production fell 24% year on year but was up 62% from the previous quarter to 9.2-million carats, it said on Friday. Alrosa, the world's largest producer of rough diamonds, said coronavirus-hit demand started to recover in August but it added a... 

Rio Tinto vows to do better as Australian lawmaker accuses industry of cultural genocide

16th October 2020 Outgoing Rio Tinto Chief Executive Jean-Sébastien Jacques said on Friday the miner was committed to reform after a lawmaker accused the industry of incremental cultural genocide at an Australian inquiry into the destruction of an ancient cave. Speaking for a second time at a parliamentary... 

Codelco says operations normal, aims to meet 2020 output targets

16th October 2020 Chilean State-run copper miner Codelco is producing at full capacity and aims to meet its 2020 output targets, its CEO said on Thursday, noting that the coronavirus pandemic was now under control with a low infection rate. The pandemic hit Chile in March, forcing Codelco, the world's top copper... 

Escondida supervisers evaluate proposal, extend talks

15th October 2020 Supervisers at Chile's Escondida mine said they were evaluating a new labour contract proposal from mine operator BHP amid negotiations to head off a strike at the world's largest copper deposit, the union told Reuters. The union of supervisors at the sprawling Escondida mine last week rejected... 

Minister wants Coal India units to set prices independently

15th October 2020 India's Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world's largest coal mining company by output, has seven... 

Barrick JV set to remain operator of Porgera gold mine in Papua New Guinea

15th October 2020 Papua New Guinea Prime Minister James Marape said on Thursday that a joint venture of Barrick Gold and China's Zijin Mining was set to remain operator of the Porgera gold mine following talks in Port Moresby. In April, Marape had refused to extend the expired mining lease of operator Barrick... 

At least 16 artisanal miners drown in flooded mining field in Mozambique

15th October 2020 At least 16 artisanal gold miners drowned on Monday in northern Mozambique after heavy rains flooded the mining field they were working in, a local television station reported on Thursday, while more remain missing. Citing local and disaster management officials, Miramar reported 24 deaths... 

BHP says Chinese coal customers have made deferment requests

14th October 2020 BHP Group has received deferment requests from Chinese coal customers, chairman Ken MacKenzie said on Wednesday, after reports that China had put a freeze on accepting Australian coal amid trade tensions between the two countries. "We understand there may be some new developments relating to... 


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