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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.

Lithium Australia to refocus on battery recycling, cuts jobs amid coronavirus impact

20th July 2020 Lithium Australia said on Monday it would refocus operations on "revenue-generating" battery recycling and sales, cutting costs and jobs as its seeks to weather a slump in raw materials prices exacerbated by the coronavirus pandemic. In a stock exchange filing, the Perth-based firm forecast... 

Nornickel to double coronavirus spending to almost $280m

17th July 2020 Russian mining giant Norilsk Nickel on Friday said it would double its spending this year on measures to protect against the coronavirus outbreak to 20-billion roubles ($278.5-million). The company said the measures would include anti-virus security at production sites and employee support. 

Vale says no decision taken on resuming dividends - filing

17th July 2020 Brazilian mining company Vale said it has yet to make any decisions on resuming dividend payments, according to a filing on Thursday. Earlier this month, CFO Luciano Siani had told investors the company was ready to pay dividends again, but did not specify when that would occur. Vale suspended... 

Zambia rejects Glencore copper mine's suspension plan

16th July 2020 Glencore's Zambia subsidiary Mopani Copper Mines on Thursday said the country's mines ministry rejected its proposal to suspend operations because of low copper prices and disruptions caused by the coronavirus crisis. Mopani said it would appeal against the decision and will continue mining... 

Nigeria hopes gold mining reforms can bring in $500m a year

16th July 2020 Nigeria hopes changes it has made to gold mining regulation will earn the government $500-million a year in royalties and taxes and create 250 000 jobs, President Muhammadu Buhari said on Thursday. The reforms have made artisanal mining legal and will create gold buying centres and tax trade of... 

Anglo Asian's Azerbaijan H1 gold output down 18.8%, keeps outlook

16th July 2020 Azerbaijan's leading gold mining company, Anglo Asian Mining, kept its 2020 guidance on Thursday as it reported an 18.8% decline in first-half gold output to 27 922 ounces. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed... 

Workers at Antofagasta's Zaldivar copper mine in Chile enter mediation to stave off strike

15th July 2020 Chile's Antofagasta and unionised workers at its Zaldívar mine entered into mediation with the government on Wednesday in a last-ditch effort to stave off a strike amid a coronavirus outbreak in the South American nation. Workers at the mine voted in favor of a walk-off late last week after... 

US rare earths miner MP Materials to go public in $1.47bn deal

15th July 2020 US rare earths miner MP Materials will go public in a $1.47-billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street's rising interest in efforts to boost production of the strategic minerals. The listing on the New York Stock Exchange would be the first... 

BHP faces first step in $6.3bn UK claim over Brazil dam failure

15th July 2020 More than 200 000 Brazilian people and groups will next week kick off a five-billion-pound lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. The group claim, one of the largest in British legal history, has been... 

Lundin defends early retirement package for Chile's Candelaria workers

14th July 2020 Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining, on Tuesday rejected claims by the mine supervisors' union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers. The supervisors' union said on Monday... 

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