The price of copper fell to its lowest level in over a year on Wednesday, instigating fears of a potential global economic slowdown. Copper futures for September tumbled to US$5,622 a tonne in New York and entered a bear market in falling more than 20% from...
Chinese firm Gangfeng Lithium has purchased a 50% stake in the Cauchari-Olaroz project from Chilean lithium giant SQM in a deal worth US$87.5 million. The deal gives Gangfeng a 37.5% ownership in the brine project, located in Argentina’s Jujuy Province, with the remaining stake held by...
Westgold Resources managing director Peter Cook yesterday criticised over-bureaucracy in Western Australia’s gold mining industry, saying regulation is holding back growth in the sector. Speaking at the annual Diggers and Dealers conference in Kalgoorlie, Cook said that a growing theme of paternalism is emerging from the...
BHP has revealed that it is ploughing more investment into the development of nickel and cobalt mine development and production, as the miner looks to capitalise on the looming electric vehicle (EV) boom. The world’s largest mining company is building what is expected to be the...
Australian gold producer Evolution Mining has released an updated corporate presentation for its Mungari gold mine while an institutional investors and analyst site visit takes place today. The presentation outlines Mungari’s importance within Evolution’s production portfolio, which includes a total of five operations across Queensland, New...
Anglo American has reported a 6% year-on-year production rise for the second quarter of 2018, driven by higher copper and metallurgical coal output. Copper production increased by 12% to 158,000 tonnes, driven by higher grades, while coking coal soared by 33% to 5.3 million tonnes, but...
Rio Tinto and Vale have both posted rising iron ore shipments in their second quarter operating reports, reflecting a strong environment across the board for the sector. Anglo-Australian mining giant Rio said it enjoyed a ‘solid’ Q2, with iron ore shipments increasing by 14% year-on-year to...
Canadian junior MGX Minerals has strengthened its lithium credentials by signing a joint venture with Belmont Resources for a potential project in Nevada’s Great Basin. Under the agreement MGX will acquire a 25% interest in the Kibby Basin, which is located approximately 50 km North of...
RGN attended the launch of the International Council on Mining & Metals’ (ICMM) latest report, titled Social Progress in Mining-Dependent Countries: Analysis through the lens of the SDGs. The report, which coincides with the UN’s high level political forum on sustainable development in New York, found...
Glencore has announced that it will initiate a US$1 billion share buyback programme after its share price plummeted on the back of US regulators filing a subpoena against the mining giant. The first stage of the buyback scheme will be completed in early August ahead of...