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Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

Zambia files 'notification' of plans to take over Vedanta assets

By: Bloomberg     20th May 2019 Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the... 

Amplats dismisses half of Mototolo’s underground employees amid unprotected strike 

By: Simone Liedtke     20th May 2019 Platinum miner Anglo American Platinum, headed by Chris Griffith, has dismissed half of the Mototolo mine’s underground employees amid an unprotected strike, but has given the dismissed employees until May 21 to appeal the decision. Employees at the mine affiliated with the General Industrial... 

Zambian President threatens Glencore, Vedanta with 'divorce' 

By: Bloomberg     17th May 2019 Zambian President Edgar Lungu threatened to “divorce” the domestic copper units of Vedanta Resources and Glencore after the companies said they’d curb operations in the Southern African nation. The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest... 

Copper majors report sound performances

17th May 2019 Several large diversified miners dominate copper production in Zambia and account for a significant amount of copper production in the Copperbelt, which includes the Copperbelt province and the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira in particular, as well as the Democratic... 

Barrick Gold prepping sale of Zambian copper mine in H2 – sources

By: Reuters     14th May 2019 Barrick Gold, the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from two major deals in recent months, Barrick has said it plans to... 

BHP to keep Nickel West, Rio looks to Serbian lithium deposit for battery boom

By: Reuters     14th May 2019 Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to... 

Does it matter who owns our mines?

10th May 2019 “Capital goes where it is welcome and stays where it is well treated,” said former Citibank CEO, the late Walter Wriston more than 30 years ago. That sentiment remains even more relevant as global capital has become increasingly mobile. The extractive resources industry, even in Africa, is now... 

Jubilee to maintain growth momentum with PlatCro coming into production

By: Simone Liedtke     9th May 2019 AltX- and Aim-listed Jubilee Metals on Thursday reported that the strong performance of the first quarter is expected to be maintained in the second quarter, as the PlatCro platinum group metals (PGMs) project is being brought into production at a targeted processing rate of 60 000 t/m. The... 

Aurelia Metals scraps talks to buy Glencore's CSA mine

By: Reuters     9th May 2019 Aurelia Metals on Thursday said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore-owned copper mine. Last month, Aeris Resources said it was unable to reach an agreement... 

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