by Gordon Barratt | Apr 29, 2020 | News
Canadian precious metals producer Silvercorp Metals has signed a definitive agreement to buy all of the issued and outstanding shares of Guyana Goldfields in a cash and stock deal valued at C$105m ($75m). Under the terms of the agreement, Silvercorp will give Guyana’s...
by Gordon Barratt | Apr 29, 2020 | News
Copper major Freeport-McMoRan has reported a quarterly loss, as production fell in South America and Indonesia. The copper producer has also announced an $800m reduction in 2020 estimated capital expenditure (capex). Freeport-McMoRan reported a net loss of $491m, or...
by Gordon Barratt | Apr 29, 2020 | News
Technavio has been monitoring the metallurgical coal market and it is poised to grow by USD 20.32 billion during 2019-2023, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario,...
by Gordon Barratt | Apr 28, 2020 | News
BHP shipping operations at Port Hedland. Image: BHP BHP is exploring options with stakeholders to increase its licensed iron ore export capacity from Port Hedland to beyond 290 million tonnes a year. The mining giant is focussed on reaching 290 million tonnes per...
by Gordon Barratt | Apr 28, 2020 | News
Thunderbox open pit mine. Image: Saracen Minerals Saracen Mineral Holdings has capped off the March 2020 quarter with record quarterly gold production of 158,132 ounces at an all-in sustaining cost of $1133 per ounce. This was guided by a record quarter at the...
