Topic

BHP keen on more copper, nickel sulphide and oil

By: Esmarie Iannucci 22nd May 2019 Mining major BHP on Wednesday laid out its near-term plans for investors, saying that the company would look to add “options” in copper, nickel sulphides and oil. Speaking to investors, CFO Peter Beaven that BHP analysed a number of scenarios to ensure that the company’s portfolio was resilient... →

Vedanta seeks urgent meeting over its besieged Zambian unit

By: Bloomberg 22nd May 2019 Vedanta Resources is seeking an urgent meeting with Zambian President Edgar Lungu over the threat to its local assets after a state-owned investment company asked the Lusaka High Court to liquidate them. Lungu at the weekend accused Konkola Copper Mines of lying and cheating and said Africa’s... →

Hudbay is said to prepare sale of Arizona copper mine stake

By: Bloomberg 22nd May 2019 Hudbay Minerals is preparing a sale of a stake in one of the largest copper mines under development in the US as an investor pushes the company to review its portfolio, people familiar with the matter said. The Toronto-based base metals miner has interviewed potential advisers about selling a... →

Villagers in Peru decide to impose new road blockade on Las Bambas mine-ombudsman

By: Reuters 21st May 2019 The indigenous community of Fuerabamba in Peru decided to impose a new road blockade on MMG's Las Bambas copper mine after talks with the company over compensation broke down, a representative of the ombudsman's office said on Tuesday. The community planned to start the blockade at midnight on... →

Zambian court appoints provisional liquidator of Vedanta's KCM

By: Reuters 21st May 2019 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines (KCM), according to a court document seen by Reuters. The document named Zambian law firm Lungu Simwanza & Company to oversee KCM a day after the president said Zambia... →

BHP polishes EV penetration forecast

By: Esmarie Iannucci 21st May 2019 Mining major BHP has polished its forecast for the uptake of electric vehicles (EVs) and what impact the shift to electric mobility will have on the copper and oil markets over the coming decades. The diversified mining company, which last week reaffirmed its commitment to supply the EV markets,... →

SolGold announces PEA results for Alpala

By: Mariaan Webb 20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... →

Zambia files 'notification' of plans to take over Vedanta assets

By: Bloomberg 20th May 2019 Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the... →

Palladium boom gives South African miners only temporary reprieve

By: Reuters 17th May 2019 A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a... →

Zambian President threatens Glencore, Vedanta with 'divorce'

By: Bloomberg 17th May 2019 Zambian President Edgar Lungu threatened to “divorce” the domestic copper units of Vedanta Resources and Glencore after the companies said they’d curb operations in the Southern African nation. The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest... →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

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

Advertise

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

View options

Subscribe