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Reuters

Russian Jan-July gold output flat at 157.19 t

16th November 2018 Russia produced 157.19 t of gold in the first seven months of 2018, exactly the same amount as in the same period last year, the Finance Ministry said on Friday. Production for the period included 129.34 t of mined gold compared with 126.39 t a year ago, the Ministry said. 

India state may cancel NMDC's Donimalai mine lease in levy dispute

16th November 2018 The government of India's Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron-ore mine if the State-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's... 

BHP blames driver error, brake problem for runaway train wreck

16th November 2018 BHP said on Friday that driver error caused an iron-ore train to run away without its driver and a brake problem caused the company to intentionally derail the train in order to stop it, according to a preliminary investigation. BHP said its initial findings of the November 5 incident showed the... 

Automaker groups warn US tariffs will undermine new NAFTA deal

16th November 2018 US automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernize the North American Free Trade Agreement, causing widespread job losses. At a wide-ranging hearing... 

Pentagon to cut troops in Africa as focus shifts to China, Russia

16th November 2018 The US military will withdraw hundreds of troops focused on counterterrorism operations in Africa over the next several years to support the Pentagon's increased focus on countering threats from China and Russia, officials said on Thursday. Earlier this year, the US military put countering China... 

Zambia plans to transform state power utility into viable firm

16th November 2018 Zambia has started implementing measures aimed at transforming State-owned Zesco into a viable and efficient public power utility company, the government said on Thursday. Zesco has in the recent past been experiencing serious operational challenges, the chairman of the team put in place to... 

Lack of school toilets puts 620m children in danger – report

16th November 2018 A lack of proper school toilets threatens the health, education and safety of at least 620-million children around the world, the charity WaterAid said in a new study published on Friday. Children at one in three schools lack access to proper toilets, putting them at risk of diarrhea and other... 

K+S cuts outlook after dry weather weighs on production

15th November 2018 German potash miner K+S lowered its full-year earnings guidance on Thursday after a severe drought hampered production at its main mine network in the third quarter. The company now forecasts earnings before interest, taxes, depreciation and amortisation (Ebitda) between €570-million and... 

China plumbs ocean depths to extend its cobalt lead

15th November 2018 China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt... 

Rio Tinto joins race for Teck's copper project stake - sources

14th November 2018 LONDON – Rio Tinto is among parties making a final offer for a minority stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8-billion, two sources close to the matter said. The world's second largest mining company is eager to boost its copper... 

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