R/€ = 16.15 Change: 0.04
R/$ = 14.41 Change: 0.07
Au 1284.36 $/oz Change: 9.67
Pt 803.47 $/oz Change: 2.57


Vale says court halts Brucutu iron mining operations

7th May 2019 Brazilian miner Vale said on Monday that a court had ordered it to halt operations at its Brucutu iron-ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in... 

Arctic nations to meet amid tensions over environment, resources

6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

3rd May 2019 Wesfarmers's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47% premium for Kidman, which is developing the Mount... 

Australian battery materials plant eyes financing deal by end-June

3rd May 2019 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3-billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new energy sector. The company is talking with South Korean battery maker SK... 

Tesla manager sees risk of battery-minerals shortage in future

3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

Kyrgyzstan bans uranium mining after protests

3rd May 2019 Kyrgyzstan's Parliament voted on Thursday to ban uranium exploration and mining in the Central Asian nation despite previously issuing licenses to foreign companies such as Canada's Azarga Uranium. The move, which may expose the Bishkek government to compensation claims from foreign investors,... 

Struggling junior miners woo investors to fund exploration projects

3rd May 2019 Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into... 

Mine versus lab: how green is your diamond?

2nd May 2019 Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The US Federal Trade Commission, which investigates... 

As Canada's Lucara Diamond seeks new mines, tech fuels growth

2nd May 2019 Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic... 

Mexico to recover bodies of miners killed in 2006 blast

2nd May 2019 Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims' families. The announcement came on Mexico's Labor Day... 


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