R/€ = 19.09 Change: 0.01
R/$ = 16.21 Change: -0.01
Au 1905.59 $/oz Change: 1.92
Pt 881.63 $/oz Change: 2.09


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MMG's Congo mine pauses production to switch from sulphide to oxide ore

2nd October 2020 MMG's Congo subsidiary has halted production at its Kinsevere copper mine until end-April 2021 to prepare for a switch to mining sulphide ore from oxide ore. The production halt - effective October 1 - affects the mine but not the processing plant, and MMG Kinsevere kept its 2020 production... 

Brazil seeks to re-open $27bn lawsuit against BHP, Vale

2nd October 2020 Brazilian federal and state prosecutors have asked a court to re-open a multi-billion-dollar civil action lawsuit against miners Samarco, Vale SA and BHP for damages caused by the Fundao dam burst in 2015, authorities said on Thursday. The incident at Samarco's Mariana facilities, a joint... 

RWE's giant coal-era excavator draws high demand

1st October 2020 RWE has received 45 bids for one of its giant bucket-wheel excavators used in mining that it put up for sale in an online auction earlier this year, Germany's largest power producer has said. The 3 500-tonne "Bagger 275" is the smallest of RWE's 22-strong excavator fleet and has a capacity of 60... 

Vale says 71 out of 104 dam structures receive positive stability assessments

1st October 2020 Brazilian miner Vale said on Thursday that 71 out of 104 structures across Brazil have received positive stability assessments from the company's dam monitoring system. Of the 33 that have not received positive stability assessments, 32 are in the firm's ferrous metals operations, it said in a... 

Australian state defers Adani coal mine royalties ahead of election

1st October 2020 The Australian state of Queensland has agreed to defer royalty payments for Adani Enterprise's Carmichael thermal coal mine, the state's treasurer said on Thursday. The royalty deferment comes ahead of a Queensland state election set for October 31 and with the current Labor state government... 

Lundin seeks mediation to stave off strike at Candelaria mine in Chile

1st October 2020 Canada's Lundin Mining, owner of the Candelaria mine in Chile, has requested government mediation in a last-ditch effort to stave off a strike by one of its unions after failing to reach a contract deal, the company said on Wednesday. The mine's union of 350 members rejected the company's latest... 

Fresnillo takes up $482m of tender offer for 2023 notes

1st October 2020 Mexican precious metals mining company Fresnillo said on Wednesday it had taken up $481.721-million of a tender offer to buy back some $800-million of its notes maturing in 2023. The company, a unit of miner Industrias Peñoles, last week launched the offer on the notes, which pay a coupon of... 

Chile sees $74bn in mining investments over a decade

1st October 2020 Chile expects $74-billion in mining investment in the next decade, driven mainly by the copper industry, the country's top exporter, State copper agency Cochilco, said on Wednesday. The roster of investments includes sprawling projects from such top global miners as Antofagasta, Lundin Mining,... 

China's Shandong Gold to buy Xinjiang-focused miner Hengxing

30th September 2020 Shandong Gold Mining said on Wednesday it would buy Hengxing Gold Holding in an all-stock deal worth around HK$3-billion ($387-million) that gives it control of the Gold Mountain mine in China's Xinjiang region. The purchase continues a prolific acquisition spree for state-run Shandong Gold in a... 

Europe needs to develop green hydrogen industry jointly - Enel CEO

30th September 2020 Europe needs to develop a green hydrogen industry jointly, as it did with the Airbus project, if it is to become a competitive business, the head of Europe's biggest utility Enel said on Tuesday. "Alliances between two or three countries won't work, it needs to have a European dimension," Enel... 


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