PotashCorp mulls selling stake in Chilean lithium producer SQM — report
Canada’s Potash Corp. of Saskatchewan (TSX, NYSE:POT), the world’s largest producer of the fertilizer by capacity, may sell its stake in Chilean lithium miner SQM to secure approval for its friendly...
View ArticleRio Tinto's chief financial officer Chris Lynch to retire in 2018
Rio Tinto (ASX, LON:RIO), the world’s second largest miner, announced Friday its chief financial officer Chris Lynch would retire from his role by the end of September 2018. Born in Australia, Lynch...
View ArticleAngloGold a step closer to selling loss-making Kopanang mine in S. Africa
South African AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, unveiled Friday that is in talks to sell its Kopanang mine, which was slated to be placed...
View ArticleGlencore strikes multi-year purchase deal with Angola LNG
Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol. Angola...
View ArticleTotal to wait for better oil prices before selling Canadian assets
French oil giant Total SA chief executive said on Monday the company was not in a rush to join the foreign exodus from Canada’s oil sands sector. During a call with analysts, Patrick Pouyanne said the...
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Top iron ore exporter sees price dipping below $50 a tonne by 2019
Iron ore will sink back below $50 a tonne by 2019 as global supply continues to increase, steel inventories swell and Chinese demand dwindles, according to Australia, the world’s top exporter, which...
View ArticleChile expects moderate rise in copper price — mining minister
World top copper producer Chile expects a moderate increase in the annual average price of the metal through the remainder of 2017, but that would not be enough to push it above $3 a pound for the...
View ArticlePhilippines' Duterte lifts suspension on gold miner Lepanto
Philippine President Rodrigo Duterte has lifted an eight-month suspension order on gold miner Lepanto Consolidated Mining Co, among more than two dozen companies ordered halted by a sacked minister who...
View ArticleCanada's oil sands survive, but can't thrive in a $50 oil world
Canada’s oil sands producers are stuck in a rut. The nation’s oil firms are retrenching, with large producers planning little or no further expansion and some smaller projects struggling even to cover...
View ArticleVale’s iron ore output hits another record
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, said output of the steelmaking material hit a fresh record high in the third quarter as its massive S11D mine in the Amazon continued to ramp...
View ArticleGold demand from China picks up again
China seems to have recovered its appetite for gold, with demand for bars and jewellery markedly increasing in the first nine months of the year, data from the China Gold Association shows. Total gold...
View ArticleZinc producers in spotlight as demand powers past supply
The recent shining on lithium has put other battery technologies – such as zinc – in the shadows, even though they have been around for generations. When it comes to disposable batteries, carbon zinc...
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PhotoSat delivers highly accurate satellite surveying of AbraPlata Diablillos...
PhotoSat is pleased to announce that it has completed satellite surveying of the AbraPlata (TSX.V: ABRA) Diablillos Project in Argentina. The surveying was carried out using stereo photos from the...
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Hebron project off Newfoundland coast kicks off oil production
Hebron oil field off the coast of eastern Canada has produced its first oil, project operator Exxon Mobil said on Tuesday, which is expected to boost to Atlantic Canada's output after years of weak...
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Sierra Leone ‘Peace Diamond’ sold for less-than-expected
Sierra Leone has sold one of the world's largest diamonds ever found at an auction in New York on Monday, fetching a lower-than-expected price of $6.5 million The egg-sized, 709-carat rough "Peace...
View ArticleAgrium, Potash Corp merger shouldn’t have much of an impact yet
Farmers shouldn’t be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one...
View ArticleBotswana’s Okavango posts record diamond sales at $567 million
GABORONE, Jan 11 (Reuters) – Botswana’s Okavango Diamond Company (ODC) posted a 4 percent jump in sales to $567 million in 2017, the highest annual sales since its formation in 2013, the company said...
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First Majestic expands Mexico footprint with $320M Primero Mining acquisition
Canada’s First Majestic Silver (NYSE:AG) (TSX:FR) has agreed to buy fellow miner Primero Mining (TSX:P) in a cash and stock deal valued at $320 million, including debt. With the acquisition, the...
View ArticleRussia to invest $250 million in uranium exploration, production in Argentina
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three...
View ArticleOne of Australia's largest gold mines halts operations after dam collapse
A section of the northern dam wall at the Cadia mine, located in the eastern Australian state of New South Wales, collapsed into the southern tailings dam on Friday releasing a slurry of finely ground...
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