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Reuters

Vale shareholders push to loosen company control over board elections

29th April 2019 Minority shareholders of Brazilian iron-ore miner Vale have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company said in a filing. Broker Vic DTVM and... 

Transnet installing new tippler to sustain iron-ore exports

26th April 2019 Transnet is installing a new iron-ore tippler at the country’s main iron-ore export line in order to sustain its current output of 60-million tonnes a year, officials said on Friday at its Saldanha port terminal. The R3-billion project, which includes infrastructure such as a conveyor belt... 

Ferrexpo auditor Deloitte quits as queries remain around charity funds

26th April 2019 Ferrexpo said on Friday Deloitte had resigned as its auditor with immediate effect, days after the iron-ore miner said some funds of a charity it donates to in the Ukraine could have been "misappropriated". Blooming Land, the charity which coordinates Ferrexpo's Corporate Social Responsibility... 

Agnico Eagle first-quarter profit falls but beats expectations

26th April 2019 Agnico Eagle Mines, the biggest Canada-focused gold miner, reported an 18% decline in first-quarter profit on Thursday on lower gold production as its Meadowbank mine in Canada's Nunavut territory nears the end of its life. Even so, the Toronto-based company's net income of $37-million, or 16c a... 

Freeport quarterly profit misses expectations amidst Grasberg expansion

25th April 2019 Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and prices for the red metal. The results come as the company spends more than $15-billion to expand Indonesia's Grasberg copper and... 

China's Australian coking coal imports double in March from Feb

25th April 2019 China's imports of Australian coking coal nearly doubled in March from a month earlier, customs data showed on Thursday, as a flurry of shipments were accepted after being delayed at customs clearance for more than a month. Arrivals of Australian coking coal were at 2.23-million tonnes last... 

More than 40m people work in artisanal mining – report

25th April 2019 More than 40-million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday. Increasing demand for metals and rising prices have... 

Newmont Goldcorp profit beats on higher production as prices fall

25th April 2019 US-listed gold miner Newmont Goldcorp reported a higher-than-expected quarterly profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices. Gold production rose nearly 2%to 1.23-million ounces in the quarter, but the average realised gold price fell by $26 to... 

Kaz Minerals quarterly copper output rises, maintains full-year outlook

25th April 2019 Kaz Minerals said on Thursday its first-quarter copper production rose 4%, boosted by robust volumes at its Aktogay mine in Kazakhstan, while the miner maintained its output forecast for the year. The company, which in February posted annual copper production of 295 000 t, kept its 2019 output... 

Deep-sea mining boss says new law could be adopted next year

25th April 2019 China and a quest for battery minerals have injected momentum into a long UN process to agree a law on deep-sea mining, which could be adopted by the end of 2020, if the political will exists, the head of the International Seabed Authority (ISA) said. So far the UN body, headquartered in... 

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