Mining Services
Peru might be revoking Canadian mining licenses
The Peruvian Department of Energy and Mines is working on a report aimed at overturning a number of decrees that have granted Nuevo Arcoiris S.A.C, a subsidiary of Canada's Tesoro Minerals Corp (TSXV: TES), certain mineral exploration rights. The report is …
Force Majeure responsible for MMG contract issues in peru
MMG said Thursday that transportation was temporarily suspended due to roadblocks by local residents near its Las Bambas copper mine in Peru, forcing the company to declare force majeure for some supply contracts. "Based on the current Las Bambas schedule, …
Copper Growth Stock offers strong potential in a market with supply deficit
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The Australian mining sector is facing a major overhaul
Rio Tinto's legal destruction of old Australian rock coffers showed the mining sector is at major investment risk without further reforms, institutional investors said Thursday, supporting the results of a review of the incident. The parliamentary interim …
Rising copper prices are positive news for Turquoise Hill
Turquoise Hill (TRQ: TSX & NYSE) today announced that it had raised $ 264.4 million in the 3rd quarter, up 26.4% from $ 209.2 million in the 3rd quarter.
China´s boycott of Australian copper might backfire
An unofficial Chinese import ban on Australian copper concentrate imports could affect Chinese smelters in their negotiations with miners over benchmark treatment fees for 2021, traders and analysts said. Australian media reported that Chinese importers were …
Debswana Mining Company to shut down operations
Equally owned by De Beers and the Botswana government, Debswana Mining Company will shut down a diamond mine in the country as weak demand and trade disruption from the pandemic make it unprofitable to mine diamonds of lesser value, a union leader said on …
Sonami Group warns from Chile´s planned glacier bill
Chile's world-leading copper industry could shut down some of its mines if a law to protect glaciers continues its way through Congress at an early stage, Chilean mining trading group Sonami said on Monday. Diego Hernández, president of Sonami, which …
Vale will be selling on a new platform in China
Brazilian miner Vale SA said Monday that it plans to launch an iron ore spot trading platform on the Chinese mobile app WeChat with Beijing Iron Ore Trading Center Corporation (COREX) in early 2021 to facilitate transactions in yuan.
Botswana Diamonds targeting new drill areas
Botswana Diamonds announced Monday that it has identified a number of drillable targets on its Marsfontein and Thorny River diamond properties.