InfoMine - Mining Intelligence and Technology

Newmont profit soars on higher gold prices, claims top bullion miner title

2 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

4 hours ago

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found. The post Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices appeared first on MINING.com.

Minotaur and Andromeda form star alliance

14 hours ago

Andromeda may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years. The post Minotaur and Andromeda form star alliance appeared first on MINING.com.

Federal Council rejects mining referendum in Colombian town

15 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

23 hours ago

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation. The post Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid appeared first on MINING.com.

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Newmont profit soars on higher gold prices, claims top bullion miner title

2 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Canada's First Cobalt eager for more after U.S. Cobalt buy

15 hours ago

Refinery could be working in 1-to-2 years' time. The post Canada's First Cobalt eager for more after U.S. Cobalt buy appeared first on MINING.com.

Southern Copper says legal dispute over Peru's Tia Maria resolved

15 hours ago

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction. The post Southern Copper says legal dispute over Peru's Tia Maria resolved appeared first on MINING.com.

After weeks of chaos, US throws aluminum industry lifeline

1 day ago

“The US government is not targeting the hardworking people who depend on Rusal and its subsidiaries,” Treasury Secretary Steven Mnuchin said. The post After weeks of chaos, US throws aluminum industry lifeline appeared first on MINING.com.

Caterpillar results prove global economy in good shape

1 day ago

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. The post Caterpillar results prove global economy in good shape appeared first on MINING.com.

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Newmont profit soars on higher gold prices, claims top bullion miner title

2 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Australian gold miner Newcrest downgrades full-year production forecast

14 hours ago

Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30. The post Australian gold miner Newcrest downgrades full-year production forecast appeared first on MINING.com.

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

23 hours ago

Kyrgyzaltyn has yet to see an offer by Chaarat Gold Holdings to acquire Kumtor mine, which is the Central Asian nation’s largest gold operation. The post Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid appeared first on MINING.com.

Gold Fields' quarterly output falls, South Deep woes rumble on

1 day ago

South African miner reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower. The post Gold Fields' quarterly output falls, South Deep woes rumble on appeared first on MINING.com.

Lower copper grades take toll on Antofagasta first quarter output

1 day ago

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines. The post Lower copper grades take toll on Antofagasta first quarter output appeared first on MINING.com.

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Newmont profit soars on higher gold prices, claims top bullion miner title

2 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Moroccan King to sign trade, mining deals with Congo

2 hours ago

Moroccan King Mohammed VI will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund. The post Moroccan King to sign trade, mining deals with Congo appeared first on MINING.com.

Southern Copper says legal dispute over Peru's Tia Maria resolved

15 hours ago

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction. The post Southern Copper says legal dispute over Peru's Tia Maria resolved appeared first on MINING.com.

Lower copper grades take toll on Antofagasta first quarter output

1 day ago

Copper production fell to 153,800 tonnes from 171,900 tonnes, due mostly to lower grades at the company's Centinela and Los Pelambres mines. The post Lower copper grades take toll on Antofagasta first quarter output appeared first on MINING.com.

Spanish activists reject reopening of Los Frailes mine

1 day ago

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place. The post Spanish activists reject reopening of Los Frailes mine appeared first on MINING.com.

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Federal Council rejects mining referendum in Colombian town

15 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

Increased production at Chinese domestic coal mines lead to decline in thermal coal prices

1 day ago

Since a price ceiling was imposed at China’s main coal import harbour Qinhuangdao in mid-February, seaborne prices for coal have started to decline. The post Increased production at Chinese domestic coal mines lead to decline in thermal coal prices appeared first on MINING.com.

Canada's Teck Resources profit rises on higher sales volumes

1 day ago

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million. The post Canada's Teck Resources profit rises on higher sales volumes appeared first on MINING.com.

Caterpillar results prove global economy in good shape

1 day ago

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. The post Caterpillar results prove global economy in good shape appeared first on MINING.com.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

2 days ago

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes. The post Anglo delays Minas Rio restart until year-end, will lose about $400 million appeared first on MINING.com.

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Brazil's Vale 1st-qtr profit slumps by a third as costs rise

15 hours ago

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier. The post Brazil's Vale 1st-qtr profit slumps by a third as costs rise appeared first on MINING.com.

Federal Council rejects mining referendum in Colombian town

15 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

One asset leads South African miner’s growth in Q1-2018

1 day ago

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018. The post One asset leads South African miner’s growth in Q1-2018 appeared first on MINING.com.

Caterpillar results prove global economy in good shape

1 day ago

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. The post Caterpillar results prove global economy in good shape appeared first on MINING.com.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

2 days ago

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes. The post Anglo delays Minas Rio restart until year-end, will lose about $400 million appeared first on MINING.com.

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