Author: rgn-admin

Anglo American has released positive third quarter results including an increase in production guidance for its Kumba Iron Ore subsidiary. The world’s fifth-largest miner has lifted Kumba’s production guidance by an additional 1 million tonnes (Mt) to between 42-44Mt for 2017. The overall rise is based on...

The world’s number one miner BHP announced increased copper production but a sharp fall in iron ore output as its overall guidance for 2018 remain unchanged. Copper production for Q2 was boosted to 404,000 tonnes by better performance at the Escondida mine, rising 23% on the...

Chevron has halted its plans to explore in the deep waters off Australia’s South coast as the low oil price environment makes the project unjustifiable. The US oil giant had long seen the waters known as the Great Australian Bight as a very promising location, Wood...

BNP Paribas, France’s largest listed bank, has announced that it will no longer do business with companies working in shale oil or gas and it transitions to supporting renewable energy projects. The bank will stop working with and financing any companies or projects whose principal business...

Acacia Mining’s production figures were above forecasts but its sales figures were down as it faced the reality of the Tanzania Government’s export ban. The London-listed gold miner, which is 64% owned by Barrick Gold, announced overall third quarter production of 191,203 ounces of gold on...