R/€ = 15.61 Change: 0.15
R/$ = 13.41 Change: 0.17
Au 1269.02 $/oz Change: 4.16
Pt 874.00 $/oz Change: 9.24


Angola's top diamond mine says underpricing has cost it almost $500m

12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

US embassy warns citizens to consider leaving district in north Mozambique

12th June 2018 The US embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded ten people and killed seven others since May. Any sign of militant activity is a concern for the... 

Zimbabwe Parliament drops call for Mugabe to answer questions on diamond mines

12th June 2018 Zimbabwe's parliament on Monday backed down from its demand for former President Robert Mugabe to answer questions related to diamond mining operations during his time in office. In what would have been his first public appearance since being ousted in a de facto military coup in November,... 

China's Tsingshan mulls $1bn steel plant in Zimbabwe

12th June 2018 China's unlisted Tsingshan Holding Group on Monday signed a $1-billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to... 

Chile creates committee to oversee lithium contracts

12th June 2018 Chile's government said on Monday it was creating a committee to supervise lithium contracts the state has with local miner SQM and US-based Albemarle Corp, deals that are key to positioning the country as a top producer of the white metal. The committee will aim to ensure concession agreements... 

BHP, union at Chile's Spence copper mine reach labour agreement

12th June 2018 Unionised workers at BHP's Spence copper mine in northern Chile agreed on Monday to a new collective labor contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2 500-member union at its Escondida copper mine in northern Chile, the... 

Vedanta to double output at Zambia's Konkola Copper Mines – regional CEO

12th June 2018 Vedanta Resources plans to double finished copper production at Zambia's Konkola Copper Mines (KCM) to 200 000 t this year, the CEO of its Zambian unit said on Monday. KCM has ploughed roughly $3-billion into the Southern African country's copper mines since 2004, including a $1-billion... 

Rioters ransack Malian govt buildings after dispute with Randgold mines

12th June 2018 Rioters in southern Mali ransacked local government buildings on Monday following a dispute between workers and management at Randgold's Loulo and Gounkoto gold mines, the government said. The rioters attacked the local prefect's office and house and also burned biometric voter identification... 

IMF's Lagarde says global economic outlook darkening by the day

12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

Goldcorp says protest could halt production at Mexico gold mine

11th June 2018 Canada's Goldcorp said on Monday an ongoing protest blocking entry to its Penasquito mine, one of Mexico's biggest gold producers, could force the company to halt output. The mine, in northern Zacatecas state, produced 476 000 oz of gold last year, comprising 18% of Goldcorp's total production... 


Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close