InfoMine - Mining Intelligence and Technology

Vale to double exploration spend in Sudbury area

1 day ago

Vale’s Sudbury Operations will spend $42 million on exploration in the Greater Sudbury Area, doubling the company's exploration spend from a year ago. The post Vale to double exploration spend in Sudbury area appeared first on MINING.com.

How to close the loop on lithium-ion battery recycling

1 day ago

Find the cobalt. The post How to close the loop on lithium-ion battery recycling appeared first on MINING.com.

Cleveland-Cliffs EPS jumps 171% in 2Q

1 day ago

U.S. iron ore pellet sales volume expectation to increase to 21 million long tons. The post Cleveland-Cliffs EPS jumps 171% in 2Q appeared first on MINING.com.

Bacanora Lithium changes its mind on how to fund flagship Sonora mine

2 days ago

It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project. The post Bacanora Lithium changes its mind on how to fund flagship Sonora mine appeared first on MINING.com.

Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal

2 days ago

Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year. The post Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal appeared first on MINING.com.

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Tesla's battery maker suspends cobalt supplier amid sanctions concern

1 day ago

Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba. The post Tesla's battery maker suspends cobalt supplier amid sanctions concern appeared first on MINING.com.

Dollar and gold falters as Trump hits fed, stocks drop: markets wrap

2 days ago

The dollar erases most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates. The post Dollar and gold falters as Trump hits fed, stocks drop: markets wrap appeared first on MINING.com.

Bacanora Lithium changes its mind on how to fund flagship Sonora mine

2 days ago

It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project. The post Bacanora Lithium changes its mind on how to fund flagship Sonora mine appeared first on MINING.com.

Tariffs lay bare Washington's rare earths dilemma

2 days ago

Yttrium is just one a host critical minerals on the list of Chinese imports targeted for the next escalation of the simmering trade war between the two countries. The post Tariffs lay bare Washington's rare earths dilemma appeared first on MINING.com.

Rio Tinto opens Chicago office to be closer to US customers 2 days ago - Rio Tinto

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Barrick Gold is the undisclosed bidder for Detour Gold

1 day ago

Suitor identified. The post Barrick Gold is the undisclosed bidder for Detour Gold appeared first on MINING.com.

Dollar and gold falters as Trump hits fed, stocks drop: markets wrap

2 days ago

The dollar erases most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates. The post Dollar and gold falters as Trump hits fed, stocks drop: markets wrap appeared first on MINING.com.

Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal

2 days ago

Koricancha is located about 50km from Inca One’s own processing facility and the potential to produce 50,000 to 75,000 ounces of gold a year. The post Equinox sells Koricancha mill in Peru to Inca Gold in $12.4 million-deal appeared first on MINING.com.

Paulson & Co to ask Detour Gold for special meeting for board overhaul

2 days ago

Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive. The post Paulson & Co to ask Detour Gold for special meeting for board overhaul appeared first on MINING.com.

Miners wrote off almost one-third of investments over last decade

3 days ago

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. The post Miners wrote off almost one-third of investments over last decade appeared first on MINING.com.

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How to close the loop on lithium-ion battery recycling

1 day ago

Find the cobalt. The post How to close the loop on lithium-ion battery recycling appeared first on MINING.com.

Strike looms after breakdown in talks at Chile's Caserones copper mine

2 days ago

A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike. The post Strike looms after breakdown in talks at Chile's Caserones copper mine appeared first on MINING.com.

Copper tumbles below $6,000 as China sends metals into freefall

2 days ago

Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015. The post Copper tumbles below $6,000 as China sends metals into freefall appeared first on MINING.com.

Miners wrote off almost one-third of investments over last decade

3 days ago

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. The post Miners wrote off almost one-third of investments over last decade appeared first on MINING.com.

Citi sees 'copper on steroids' as Trump slump masks shortage

3 days ago

Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc. The post Citi sees 'copper on steroids' as Trump slump masks shortage appeared first on MINING.com.

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Australia's South32 beats annual coking coal output guidance

2 days ago

Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018. The post Australia's South32 beats annual coking coal output guidance appeared first on MINING.com.

Miners wrote off almost one-third of investments over last decade

3 days ago

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. The post Miners wrote off almost one-third of investments over last decade appeared first on MINING.com.

Four miners killed in Georgia in coal mine accident, officials say

5 days ago

The government will close the mine until an investigation is complete and it gets the conclusions of international experts. The post Four miners killed in Georgia in coal mine accident, officials say appeared first on MINING.com.

Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey

8 days ago

To stay productive, McKinsey warns that miners must maintain fiscal discipline. The post Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey appeared first on MINING.com.

Five top mining execs. convicted over Turkey’s worst mine disaster

10 days ago

The sentences range from 15 to 22 years in jail for high-ranked executives. The post Five top mining execs. convicted over Turkey’s worst mine disaster appeared first on MINING.com.

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Cleveland-Cliffs EPS jumps 171% in 2Q

1 day ago

U.S. iron ore pellet sales volume expectation to increase to 21 million long tons. The post Cleveland-Cliffs EPS jumps 171% in 2Q appeared first on MINING.com.

Miners wrote off almost one-third of investments over last decade

3 days ago

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. The post Miners wrote off almost one-third of investments over last decade appeared first on MINING.com.

Guinea's mining minister says there will be Simandou deal, talks go on

3 days ago

Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […] The post Guinea's mining minister says there will be Simandou deal, talks go on appeared first on MINING.com.

Iron ore beats back bears as trade fight batters commodities

3 days ago

The commodity’s resilience in recent weeks even as trade tensions flared is a boon for global miners including Rio Tinto Group, BHP Billiton Ltd. and Vale SA, all of which reported bumper production figures this week. The post Iron ore beats back bears as trade fight batters commodities appeared first on MINING.com.

BHP posts record annual iron ore output, beats Q4 forecasts

4 days ago

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity. The post BHP posts record annual iron ore output, beats Q4 forecasts appeared first on MINING.com.

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