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Reuters

US hits Venezuela State miner with new sanctions

19th March 2019 U.S. hits Venezuela with new sanctions on state-run mining company 

Ahead of election, Polish lawmakers propose to cut copper tax

19th March 2019 Lawmakers from Poland's ruling Law and Justice (PiS) party proposed on Tuesday to cut mining tax payments so that major copper producer KGHM could spend more money on investment. The mining levy, introduced in 2012 and calculated using a formula based on local production volumes and prices,... 

Antofagasta dividend better than expected, profit in line

19th March 2019 Chilean copper miner Antofagasta announced a higher-than-expected dividend payout on Tuesday and reported a drop in annual core earnings that was in line with analysts' projections. The company lowered its final dividend by about 9% to 37c a share from last year, but topped the expectations of... 

Workers could strike at Chile's Sierra Gorda copper mine – union

19th March 2019 A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday. The company still has until the end of Tuesday to request government mediation... 

Alrosa wants controlling stake to mine in Zimbabwe

18th March 2019 Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has... 

Rio asks shareholders to vote against emissions resolution

18th March 2019 Rio Tinto said on Monday it would recommend that shareholders vote against a resolution requiring the miner to report its direct emissions and those of its customers in greater detail. In a notice ahead of its annual general meeting in May, Rio said shareholders should vote against the proposed... 

Norsk Hydro says Alunorte problems, higher raw material costs led to earnings fall

18th March 2019 Aluminium producer Norsk Hydro said its 2018 underlying earnings before interest and tax fell by 2.15-billion crowns, due to higher raw material costs and reduced operations at Brazil's Alunorte plant, it said on Friday. The world's largest alumina refinery has been running at half its capacity... 

Russian diamond firm Alrosa 2018 net profit up 15%

15th March 2019 Russian State-controlled diamond producer Alrosa said on Friday its 2018 net profit rose 15% to 90.4 billion roubles, as a fall in sales volume was offset by stronger global prices. Though sales volume fell by 8% year-on-year, stronger pricing, particularly in the first half of 2018, meant sales... 

BRD arranges €46m loan to replace coal-fired plant in Bosnia

15th March 2019 The European Bank for Reconstruction and Development (EBRD) has arranged a €46-million financing package to replace a highly polluting coal-fired plant in the central Bosnian town of Zenica, the bank said on Friday. The new combined gas-fired cogeneration plant, Toplana Zenica, will supply power... 

KGHM does not plan to sell Sierra Gorda mine - CEO

15th March 2019 Polish mining company KGHM does not plan to sell its Sierra Gorda copper mining project in Chile, its CEO said on Friday. Marcin Chludzinski also said State-controlled KGHM, one of the world's biggest copper miners, does not currently see any further writedowns on foreign assets, after... 

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