Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks to improved production at its European and North American operations. The state-controlled company, which has been criticized for the steep investment allocated to developing the Sierra Gorda copper mine in Chile ($5.2B and counting), churned ... Poland’s KGHM hits production record, expects Sierra Gorda to exceed target
MINEX Forum | May 20, 2019 Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks to improved production at its European and North American operations. The state-controlled company, which has been criticized for the steep investment allocated to developing the Sierra Gorda copper mine in Chile ($5.2B and counting), churned ... 
Alexander Mining PLC said its Turkish partner has made “significant progress” on the establishment of a zinc plant in Turkey. Alexander agreed a commercial and technical partnership deal with Proses Muhendislik, Danismanlik, Insaat ve Tasarim AS, at the end of February. Under the agreement, Proses has been investigating and progressing plans in Turkey for the ... 
After the Chinese company JCXKC announced a gold exploration at a new location in Serbia a few days ago, the question was raised again: How many more mines and hidden precious metals are located in our country? At the beginning of May, Chinese company has signed a contract worth 33,5 million euros for exploitation of ... 
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to confirm that the Company’s wholly owned subsidiary ZAO Trevozhnoye Zarevo (“TZ”) has entered into a loan facility agreement with VTB Bank (“VTB”). In accordance with the terms of the agreement, as announced on 3 May 2019, VTB will provide ... 
Rio Tinto is strengthening a commitment to become a key supplier of materials for battery and electric technologies at the Jadar lithium project in Serbia and at its copper ventures around the world. The company has made no decision on the approval of Jadar, but is progressing the lithium-borates project through to the pre-feasibility study ... 
Aurubis AG, Europe’s largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings. Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall “significantly” by more than 15% compared with the previous year. The copper producer ... 
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner’s board members this week, during the company’s annual meeting. The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of ... 
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit. The asset, near the town of Loznica, in western Serbia, ... 
Political rehabilitation doesn’t get much better. Just over a year ago Russian aluminium producer Rusal was hit with swingeing sanctions by the U.S. government. The company’s owner, Oleg Deripaska, was accused of a litany of misdeeds by the Treasury Department’s Office of Foreign Assets Control (OFAC), all of which he denied, and his sprawling industrial ... 
Summary They are the two largest uranium producers in the world, and I see them as a leveraged bet on the recovery of the uranium price. Kazatomprom looks better in 2019, but Section 232 in the USA matters a lot. Cameco would be the main beneficiary from a quota on US uranium production. Introduction Cameco ... 
ArcelorMittal, the world’s largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year. The Luxembourg-based company, which makes about 6 percent of the world’s steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes ... 
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto’s products had not been impacted by the dispute, which is threatening ...