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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. 

Research firm criticises Goldcorp chair payment over Newmont deal

11th March 2019 Gold research firm Shareholders' Gold Council (SGC) on Monday criticised Goldcorp's decision to approve an additional payment for chairperson Ian Telfer with regard to its proposed merger with Newmont Mining. According to a Goldcorp circular cited by SGC, Telfer will be entitled for a lump sum... 

Brazil aims to open indigenous reserves to mining - Minister

11th March 2019 The government of Brazil's right-wing President Jair Bolsonaro is preparing an overhaul of mining sector regulations that will include opening up indigenous reserves to mining, the country's mines and energy minister said. Mining in indigenous reserves is currently prohibited. 

Vale removes executives after request by dam burst prosecutors

11th March 2019 Brazilian mining company Vale said on Friday it has formally removed some executives from their positions after a request by Brazilian prosecutors investigating a dam burst that killed hundreds of people. Vale did not identify the executives or say what relation they had with the operation in... 

Glencore signs annual zinc treatment charges deal with Canada's Noranda

11th March 2019 Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last... 

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