Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy. The announcement from one of the world’s...
Mongolia plans to export 60 million tons of coal in 2024, Minister of Finance Javkhlan Bold announced at a plenary session of the Parliament. Most of the coal is mined in the Tavan Tolgoi coal deposit, which is one of the largest coal deposits in the world. Its...
The New South Wales Government has passed the Mining Amendment (Mineral Claims – Opal) Bill 2023 to remedy legacy issues and provide stability to miners and landholders. The amendments are intended to remediate invalidly issued minerals claims as a result of...
It was a strong September quarter for Whitehaven Coal, with run-of-mine (ROM) production up five per cent. In other highlights, cash generated from operations was $269 million, and Whitehaven finished the quarter with a net cash position of $2.45 billion. Whitehaven...
Rio Tinto will seek to increase the production capacity at its Gudai-Darri iron ore mine in the Pilbara region of Western Australia. The major miner will aim to increase the mine’s production capacity to 50 million tonnes per annum at a cost of around $130...
Antofagasta said on Wednesday it expects copper production between 670 000 metric tons and 710000 tons in 2024, a forecast analysts said was short of consensus estimates. Shares opened 1.8% lower at 1369.p, underperforming peers in London. The Chilean miner...
