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Severe rains hit Moatize coal operation in first quarter

By: Rebecca Campbell     24th May 2019 Brazilian mining group Vale has reported that very heavy rains significantly reduced production at its Moatize coal operation in the Tete province of Mozambique during the first quarter of this year (1Q19). Total 1Q19 coal production of 2.2-million tons was almost 29% down on the figure for the... 

Brazil iron-ore exports in rise in first half of May amid higher prices

By: Reuters     21st May 2019 Brazil's iron-ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally. Until May 17, Brazil exported 16.2-million tonnes, according to data from the... 

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia     20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... 

Vale warns Brazil prosecutors another dam at risk of collapse

By: Reuters     17th May 2019 Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 people. According to a document published on Thursday, prosecutors said Vale is... 

Troy targeting growth at Karouni

By: Esmarie Iannucci     15th May 2019 Junior gold miner Troy Resources will continue to target growth opportunities at its Karouni gold project, in Guyana, with the miner hoping to extend its project holding through acquisitions or joint ventures. Speaking on the sidelines of the Paydirt Latin America Downunder conference, in... 

Equinox pours first gold at Brazil mine

By: Mariaan Webb     14th May 2019 Vancouver-headquartered Equinox Gold has hit the first gold pour milestone at its Aurizona gold mine, in Brazil, the company announced on Tuesday. The milestone was achieved with no lost-time injuries. 

Copper production in Peru, Panama to offset lower output in Indonesia, Zambia

By: Marleny Arnoldi     13th May 2019 After having grown by 2.5% in 2018, global copper production is expected to remain essentially unchanged this year, but will grow by 1.9% in 2020, the International Copper Study Group (ICSG) said in its ‘Copper Market Forecast for 2019/20’, released on Monday. ICSG met with global copper... 

Norsk Hydro's new CEO takes the helm pledging deeper cost cuts

By: Bloomberg     10th May 2019 Norsk Hydro needs to extend its cost cutting after a production halt in Brazil erased the benefits of previous cuts, according to its new CEO. “We’ve been heavily affected by the Brazil situation,” Hilde Merete Aasheim, who started as CEO on Wednesday, said in an interview in Oslo. “The effect... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

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