by Gordon Barratt | Apr 30, 2020 | News
Coal India, the monopoly miner of the solid fuel, has firmed up plans to recruit around 6,600 people in executive and non-executive cadres this year even as its sales reflect the declining demand trend in the broader economy. “The pace of recruitment, which has...
by Gordon Barratt | Apr 29, 2020 | News
In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023. In other words, there is a looming uranium supply and...
by Gordon Barratt | Apr 29, 2020 | News
The current site layout of the McPhillamys project. Image: Regis Resources. Regis Resources is on schedule at its McPhillamys gold project in New South Wales, with responses to development applications expected to be completed by the middle of this year. The company...
by Gordon Barratt | Apr 29, 2020 | News
Isaac Plains coal mine. Stanmore Coal has flagged a reduction in its coal exports starting June, forcing the company to slash its earnings guidance for the 2020 financial year. The 250,000 tonnes of sales are expected to be deferred until later in the year. There is...
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...
