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Reuters

MTN to list Nigeria unit towards April and May – MTN Nigeria CEO

13th March 2019 MTN Group expects its Nigeria unit to list on the local stock exchange "probably more towards April and May," the unit's chief executive said on Wednesday. The listing should be no later than halfway through the year, said Ferdi Moolman, chief executive officer of MTN Nigeria, speaking to... 

Six foreign-controlled miners to start divestments in 'near future' - Indonesia

13th March 2019 Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said. According to Indonesian mining rules, foreign-controlled... 

Malaysia to keep bauxite mining on hold amid environmental impact studies

13th March 2019 Malaysia said that bauxite miners must each conduct a study on the environmental impact of their sites in the country before receiving licences to restart operations, with a moratorium on mining the aluminium raw material due to end on March 31. No date has been set for when the environmental... 

'No tomorrow' for many unless consumption falls – UN

13th March 2019 Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources –... 

Orocobre CEO says lithium prices likely to remain volatile

13th March 2019 Lithium producer Orocobre expects prices for the white metal used to make electric vehicle batteries to remain volatile for the short term, a step likely to make financing difficult for new industry projects, its chief executive said on Tuesday. Orocobre, which operates in Argentina, has seen... 

Argentine union's strike halts operations at Goldcorp's largest mine

12th March 2019 A strike at Canadian Goldcorp's Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union's action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8,... 

Polyus gets extra 5% stake in Sukhoi Log gold deposit

12th March 2019 Russian gold and silver producer Polyus has received a further 5% stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28% stake in Polyus shares, Polyus said late on Monday. The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold... 

Brazilian town fines Vale, closes port terminal in Rio de Janeiro state

12th March 2019 The town of Mangaratiba, in Brazil's Rio de Janeiro state, fined miner Vale and closed its iron ore port terminal on Monday, citing pollution problems and the alleged lack of an operating license. The city's environment department fined Vale for 30-million reais and closed the Ilha da Guaiba... 

MMG says output at Peru copper mine could fall due to road blockade

12th March 2019 Production at Chinese miner MMG Ltd's Las Bambas copper deposit in Peru could fall "in the near term" due to a month-long road blockade by a community that was relocated to build the mine, the company said on Monday. MMG, controlled by state-owned China Minmetals Corp Ltd , said it had run out... 

Polymetal says its ore, gold reserves rose in 2018

11th March 2019 Russian gold and silver producer Polymetal increased its ore reserves by 15% last year to 24-million ounces of gold equivalent, the company said on Monday. Gold reserves rose 21% to 22.3-million ounces, while silver reserves fell 15% to 135-million ounces last year, Polymetal said. 

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