Gemfields warns of $2.8 million loss on writedown
Precious gemstones miner Gemfields (LSE: GEM) warned on Friday that it expects to swing to a loss of US$2.8 million in 2023 from a US$74.3 million profit the previous year…
Articles by Cecilia Jamasmie
Lucapa finds Lulo mine’s fifth-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 203-carat diamond at its prolific Lulo mine in Angola, the fifth-largest ever found at the operation. The diamond is also the third 100-carat-plus stone found at Lulo this…
Soaring gold price boosts Centamin’s profits
Egypt-focused Centamin ((TSX: CEE; LON: CEY) has reported a 25% increase in annual profit thanks to higher gold sales at soaring prices for the precious metal. The miner’s profit last…
Hummingbird faces fresh headwinds at Guinea mine
Africa-focused Hummingbird Resources (AIM: HUM) is facing more challenges at its Kouroussa gold mine in Guinea after one of its main contractors, Corica Mining Services, halted activities because of contractual…
Glencore’s carbon emission jumped 8.8% in 2023, reveals new climate plan
Mining and commodities trader Glencore (LSE: GLEN) has reported an 8.8% in its carbon emissions for 2023 as a consequence of expanding coal production and restarting an oil refinery in…
Vale faces fresh US$3.8B lawsuit over 2015 dam disaster
Vale (NYSE: VALE) is facing a £3-billion (US$3.8 billion) lawsuit in the Netherlands related to the 2015 collapse of a dam in Brazil, adding to a long list of existing…
Antofagasta lands US$2.5B loan for Centinela copper expansion
Chilean miner Antofagasta (LSE: ANTO) has secured US$2.5 billion to finance a second concentrator at its Centinela copper mine in the country’s north, which will add 144,000 tonnes a year to…
American Rare Earths says study confirms Halleck Creek potential
Australia’s American Rare Earths (ASX: ARR) says a new scoping study for its Halleck Creek project in Wyoming confirms its potential to become a world-class rare earth element (REE) project….
Lucapa Diamond ups resources at Angola mine by 48%
Shares in Lucapa Diamond (ASX: LOM) jumped almost 5% on Monday after the Australian miner announced that inferred resources at its Lulo mine in Angola rose 48% last year. The Lulo mine, in…
Covert forms of sexual harassment persist in Western Australia mining – study
Female mining workers in Western Australia report it’s common to experience condescending attitudes because of their gender, and to be subject to offensive sexist remarks, the Mental Awareness, Respect and…
Worker’s death spurs strike at Codelco’s Radomiro Tomic mine
Unionized workers have blocked Codelco’s Radomiro Tomic copper mine in northern Chile, following the death of Ana Camila Rojas Farías in an accident on Friday. The workers blocked the entrance…
Ecuador’s new consultation rules court controversy with Indigenous groups
Ecuador’s Energy and Mines ministry has issued new regulations governing Indigenous consultation on resource development, following a visit by the country’s President Daniel Noboa to Canada for the Prospectors and…