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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.

Rio Tinto sues Australia's Monadelphous over fire at iron-ore facility

3rd August 2020 Global miner Rio Tinto on Monday said it has initiated proceedings against a unit of engineering contractor Monadelphous Group over a fire that occurred last year at its iron ore processing facility at Western Australia. A Rio spokesperson confirmed the suit after Monadelphous said in a... 

Chilean regulators scrap lithium miner SQM's environmental plan

3rd August 2020 Chilean regulators have rejected lithium producer SQM's $25-million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed. Chile's Environmental Superintendent (SMA) approved SQM's compliance plan early in 2019 after a... 

Chile copper output dips in June for first time since coronavirus hit

31st July 2020 Chile's copper output fell in June for the first time since the coronavirus pandemic landed in the world´s top producer of the red metal, dropping 0.6% to 472 172 t, according to data released on Friday by government statistics agency INE. The South American nation´s manufacturing output,... 

Chilean regulators charge BHP's Escondida copper mine with water misuse

31st July 2020 Chile's environmental watchdog said on Friday it would charge BHP's Escondida copper mine, the world`s largest, with drawing more water from the parched Chilean desert than its permits allowed for nearly 15 years. The SMA regulator said the mine had caused a sufficiently serious drop in the... 

Abramovich sells 40% in Highland Gold to Russian businessman

31st July 2020 Russian businessman Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold to a Russian businessman, who will make a cash offer to remaining shareholders, they said on Friday. Abramovich, Chelsea soccer club owner, is selling Highland Gold,... 

Shares of Greenland gold miner AEX Gold to start trading in London on Friday

30th July 2020 Greenland-focused gold exploration and mining company AEX Gold will list on the London Stock Exchange's small company sub-market, AIM, on Friday, in London's biggest initial public offering since February. The firm on Monday said it had raised 42.5-million pounds through a placing of 94 444 445... 

Vale eyes mine expansions, Samarco restart amid robust Chinese demand

30th July 2020 Brazilian iron-ore miner Vale is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to analysts following the company's... 

Diamond giant De Beers likely to cut jobs after Covid-19 hit

30th July 2020 Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American, earlier reported plunging earnings in the first half of 2020 as... 

US appoints coordinator for Arctic policy as mineral race heats up

30th July 2020 The Trump administration appointed a coordinator for policy in the Arctic on Wednesday, as Washington prepares to compete with Russia and China on resource extraction in a region quickly melting due to climate change. The State Department said Jim DeHart, a 28-year diplomat who most recently... 

Vale resumes dividends 18 months after deadly dam disaster, Q2 profit soars

30th July 2020 Brazilian mining giant Vale said on Wednesday it will resume dividend payments to shareholders, suspended since a deadly dam burst in January 2019, as it reported second-quarter profit rocketed amid a surge in iron-ore prices. Disclosing the resumption in a securities filing, Vale said the... 

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