InfoMine - Mining Intelligence and Technology

Petra Diamonds revenue up as production, sales jump

8 hours ago

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017. The post Petra Diamonds revenue up as production, sales jump appeared first on MINING.com.

RNC kicks off gold exploration drilling program at Australian project

10 hours ago

Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia. The post RNC kicks off gold exploration drilling program at Australian project appeared first on MINING.com.

Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’

11 hours ago

Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself." The post Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’ appeared first on MINING.com.

Lonmin in $200m loan deal with state-backed Chinese company

13 hours ago

Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer. The post Lonmin in $200m loan deal with state-backed Chinese company appeared first on MINING.com.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

14 hours ago

He is said to have already begun training three to four people to succeed him in the job. The post Glencore boss Ivan Glasenberg to retire in 3-5 years — report appeared first on MINING.com.

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Jacobs to sell energy unit to WorleyParsons for $3.3B

5 hours ago

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO The post Jacobs to sell energy unit to WorleyParsons for $3.3B appeared first on MINING.com.

Idaho reaches deal over abandoned silver-lead mine

1 day ago

The state may have a major cleanup ahead at the abandoned Triumph silver and lead mine. The post Idaho reaches deal over abandoned silver-lead mine appeared first on MINING.com.

Boom in EV batteries helps suppliers older than Ford’s Model T

1 day ago

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year. The post Boom in EV batteries helps suppliers older than Ford’s Model T appeared first on MINING.com.

NMC batteries dominating EV – sales to reach 63% of global market

3 days ago

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027. The post NMC batteries dominating EV – sales to reach 63% of global market appeared first on MINING.com.

Ford sees higher metal costs, hopes China and US can settle trade issues 2 hours ago - Reuters

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Congo sets deadline for plan on 11,000-megawatt hydro plant

2 hours ago

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document' The post Congo sets deadline for plan on 11,000-megawatt hydro plant appeared first on MINING.com.

Gold price tempts BofAML to wager on short-term bullish options

6 hours ago

The yellow metal has risen about 3percent this month, after six straight months of declines that’s left it down almost 6 percent year-to-date. The post Gold price tempts BofAML to wager on short-term bullish options appeared first on MINING.com.

RNC kicks off gold exploration drilling program at Australian project

10 hours ago

Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia. The post RNC kicks off gold exploration drilling program at Australian project appeared first on MINING.com.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

14 hours ago

He is said to have already begun training three to four people to succeed him in the job. The post Glencore boss Ivan Glasenberg to retire in 3-5 years — report appeared first on MINING.com.

The sky is falling 7 hours ago - Smart Money Tracker

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Congo sets deadline for plan on 11,000-megawatt hydro plant

2 hours ago

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document' The post Congo sets deadline for plan on 11,000-megawatt hydro plant appeared first on MINING.com.

Jacobs to sell energy unit to WorleyParsons for $3.3B

5 hours ago

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO The post Jacobs to sell energy unit to WorleyParsons for $3.3B appeared first on MINING.com.

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

6 hours ago

Previ intends to reduce its stake in the miner over the medium-term. The post Brazilian pension fund Previ won't sell Vale shares before year end- CEO appeared first on MINING.com.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

14 hours ago

He is said to have already begun training three to four people to succeed him in the job. The post Glencore boss Ivan Glasenberg to retire in 3-5 years — report appeared first on MINING.com.

Wolverine Mine could be sold soon

1 day ago

The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production. The post Wolverine Mine could be sold soon appeared first on MINING.com.

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Brazilian pension fund Previ won't sell Vale shares before year end- CEO

6 hours ago

Previ intends to reduce its stake in the miner over the medium-term. The post Brazilian pension fund Previ won't sell Vale shares before year end- CEO appeared first on MINING.com.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

14 hours ago

He is said to have already begun training three to four people to succeed him in the job. The post Glencore boss Ivan Glasenberg to retire in 3-5 years — report appeared first on MINING.com.

Coronado to list in Australia after country's biggest coal IPO

1 day ago

Coronado Global Resources Inc. raised $550 million in Australia’s biggest coal initial public offering after selling securities at the bottom end of the marketed range. The post Coronado to list in Australia after country's biggest coal IPO appeared first on MINING.com.

Chinese rescuers race to save workers trapped in mine accident -Xinhua

1 day ago

A rock burst at around 11 p.m. on Saturday destroyed part of a water drainage tunnel in a coal mine. The post Chinese rescuers race to save workers trapped in mine accident -Xinhua appeared first on MINING.com.

China Sept coal output hits 9-month high as new capacity starts up

3 days ago

China ready to bring on the heat as the official heating season starts on Nov. 15. The post China Sept coal output hits 9-month high as new capacity starts up appeared first on MINING.com.

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Strike at Shougang's iron ore mine in Peru halts exports-manager

5 hours ago

LIMA, Oct 22 (Reuters) – A strike at Shougang Group's iron ore mine in Peru by workers demanding higher pay has forced the company to declare force majeure on its shipments but has not reduced […] The post Strike at Shougang's iron ore mine in Peru halts exports-manager appeared first on MINING.com.

China's winter pollution cuts may boost high-grade iron ore

8 hours ago

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed. The post China's winter pollution cuts may boost high-grade iron ore appeared first on MINING.com.

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

9 hours ago

Force majeure declared due to the Rhine river's low water levels. The post ArcelorMittal declares force majeure for Duisburg-Ruhrort site appeared first on MINING.com.