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Topic

Arctic nations to meet amid tensions over environment, resources

By: Reuters     6th May 2019 Top diplomats from the US, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like... 

Epiroc shares drop as mining gear orders disappoint

By: Reuters     30th April 2019 Sweden's Epiroc said on Tuesday it expected current levels of demand to prevail in the near term after it reported lower than expected quarterly mining equipment orders, sending its shares lower. Epiroc, which competes against Sweden's Sandvik and Finland's Metso, said its order intake inched up... 

Diamond trading goes online as Lucara takes on industry goliaths  

By: Bloomberg     29th April 2019 he opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara... 

Lundin net earnings down 30%

By: Mariaan Webb     25th April 2019 The first-quarter earnings of TSX- and Nasdaq Stockholm-listed Lundin Mining fell by 30% to $60.9-million, the Canadian base metals miner reported on Wednesday. The first-quarter earnings include a loss on Lundin’s equity investment in Finnish business Freeport Cobalt of $11.9-million, which was... 

North America helps Sandvik to weather weaker Asia

By: Reuters     21st January 2019 Swedish metal-cutting tools and mining gear maker Sandvik reported resilient fourth-quarter earnings on Monday as strong demand in North America outweighed a softening in Asia on the back of a weaker auto sector. Quarterly order intake at Sandvik, which competes with Sweden's Epiroc in mining... 

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