Congo's Kabila yet to sign new mining code as deadline nears

Democratic Republic of Congo’s President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. The comments by Jean-Pierre Kambila,...

/ February 21, 2018

Toyota to make cheaper electric motors by halving use of rare earths

Toyota to make cheaper electric motors by halving use of rare earths Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium. Cecilia Jamasmie | Feb. 20, 2018, 3:21 AM | | Toyota Motor Corp, Asia’s No.1 carmaker,...

/ February 20, 2018

Co-owners of Russia's Nornickel back in fight for control

MOSCOW/LONDON, Feb 16 (Reuters) – A power struggle over Norilsk Nickel (Nornickel) resurfaced on Friday as billionaire Vladimir Potanin offered to buy Roman Abramovich’s stake in the mining group, and a third businessman – Oleg Deripaska – tried to block...

/ February 20, 2018

Colombia coal output down slightly in 2017 to 89.4 million tonnes

BOGOTA, Feb 19 (Reuters) – Colombia, the world’s fifth-largest exporter of coal, produced 89.4 million tonnes in 2017, down 1.2 percent from output the year before, the Energy and Mining Ministry said in a statement on Monday. The country produced...

/ February 20, 2018

Amplats announces first dividend in 7 years, plans no big projects this year

JOHANNESBURG, Feb 19 (Reuters) – Anglo American Platinum (Amplats), the world’s top platinum producer, announced its first dividend in seven years on Monday as full-year headline earnings more than doubled and said it was not committing capital to major projects...

/ February 20, 2018

Petra Diamonds' first-half core earnings fall 8%

Feb 19 (Reuters) – Petra Diamonds Ltd said core earnings fell 8 percent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania....

/ February 20, 2018

Glencore, Randgold form group to challenge Congo law changes

(Bloomberg) — Glencore Plc and Randgold Resources Ltd. are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In...

/ February 20, 2018

Signs of thaw in South Africa mine fight as Ramaphosa starts

(Bloomberg) — South African mining companies agreed to postpone a legal challenge to the government’s controversial new industry rules after President Cyril Ramaphosa said he’s committed to finding a solution to the dispute. The presidency held talks with the Chamber of...

/ February 20, 2018

Undersea mining's bizarre origins – a CIA cold war plot

While the United Nations’ International Seabed Authority (ISA) in charge of issuing mineral exploration licences has granted 26 so far, Papua New Guinea remains the only country to have granted an operating permit for ocean floor mining. Canada’s Nautilus is...

/ February 20, 2018

Congo's cobalt hopes risk the same ruinous road as Thai rice: Russell

LAUNCESTON, Australia, Feb 19 (Reuters) – What do the moves by the Democratic Republic of the Congo (DRC) to boost its share of the country’s cobalt bounty have in common with the former Thai government’s attempts to control the global...

/ February 20, 2018

Australian Mines signs off-take deal with Korea's SK Innovation

Feb 19 (Reuters) – Battery and technology metals developer Australian Mines Ltd said on Monday it signed a deal with Korea’s SK Innovation Co Ltd to supply cobalt sulphate and nickel sulphate from its flagship Sconi project. The commodity off-take...

/ February 20, 2018

Mining M&A jumps to 4-year high – expect more in 2018

The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, boosted by a jump in money raised on stock exchanges to a six-year high. Mining and metals deals totalled $51 billion...

/ February 20, 2018