R/€ = 19.21 Change: -0.01
R/$ = 17.63 Change: -0.01
Au 1726.38 $/oz Change: -7.76
Pt 841.25 $/oz Change: 15.70


Miners, Drillers returning to work as Covid restrictions ease: Imdex

By: Creamer Media Reporter      25th May 2020 Leading global mining-tech company IMDEX expects some COVID-19 restrictions affecting its international operations to be eased during May and June, prompting mining operations to resume and drilling contractors to return to work. With 20 offices internationally, sales in 102 countries, and a... 

Australia’s Fortescue ups stake in Candente Copper

By: Mariaan Webb     22nd May 2020 Australian iron-ore major Fortescue Metals has made another C$1.38-million investment in TSX-listed Candente Copper, upping its interest to 19.92%. Through wholly owned subsidiary Nascent Exploration, Fortescue has subscribed for 27.5-million at C$0.05 apiece in Candente, which owns a... 

Great Western takes option on 48 claims in Nevada

By: Marleny Arnoldi     22nd May 2020 Aim-listed Great Western Mining Corporation (GWMO) has signed an option agreement with Nevada Select Royalties to acquire 48 mineral claims in Nevada, which are prospective for gold and silver. Nevada Select is a subsidiary of Ely Gold Royalties.  

Chinalco exec proposes curbing China's copper capacity as lawmakers meet

By: Reuters     22nd May 2020 The general manager of State-owned metals group Chinalco is calling on China to rein in "blind expansion" of copper smelting capacity as the country's lawmakers gather in Beijing to decide policy objectives and economic targets for the year. Yu Dehui, also a delegate at the Chinese People's... 

Basto to run BHP’s Australian mines

By: Mariaan Webb     22nd May 2020 Edgar Basto has been promoted to president of mining major BHP’s entire suite of Australian operations, including iron-ore, coal, nickel and copper, with effect from July 1. The Colombia-born executive previously headed BHP’s Western Australia iron-ore business and is filling the position left... 

Antofagasta lowers dividend on Covid uncertainties

By: Creamer Media Reporter      19th May 2020 The board of Chilean copper producer Antofagasta has lowered its 2019 final dividend recommendation, citing uncertainty created by the Covid-19 crisis. The London-listed company said on Tuesday that while its operations were not affected the quarantine measures in the Greater Santiago area of... 

Regulatory Framework in the Indian Mining Industry: Evolution & Need for an Enduring Outlook

By: Creamer Media Reporter      18th May 2020 By: Munawwar Naseem, Partner-Dua Associates, Delhi Febin Mathew Varghese, Principal Associate- Dua Associates, Delhi 1. Regulatory regime along with geo-politics play a significant role in the mining sector. Political upheavals and consequent regulatory changes are major factors influencing... 

Zambia reopens border with Tanzania to cargo after Covid-19 closure

By: Reuters     15th May 2020 Zambia reopened its Nakonde border with Tanzania on Friday for cargo after a five-day closure of the key transit point for copper and cobalt exports and fuel imports, but people were still not allowed to cross, a provincial minister told Reuters. President Edgar Lungu had shut the border on... 

SolGold agrees up to $150m royalty financing for Ecuador project

By: Mariaan Webb     11th May 2020 Dual-listed SolGold has secured a royalty financing package for its flagship Alpala project with Toronto-headquartered royalty and streamlining company Franco Nevada, paving the way for the “rapid advancement” of the copper/gold project, in Ecuador. The package consists of a $100-million net... 

Carmakers urged to invest in mines to avoid battery metal pinch

By: , Bloomberg     11th May 2020 Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments. An already tough environment to raise project finance for the mines is being made worse by the... 

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