SQM profit falls 63%, sees more weak lithium prices
Chile’s SQM (NYSE: SQM), the world’s second-biggest lithium producer, reported a sharp 63% decline in quarterly profit on the back of slumping prices of the key metal used in the…
Articles by Cecilia Jamasmie
Regis takes US$130M hit on Australian project in new heritage zone
Regis Resources’ (ASX: RRL), the third-largest gold miner on the ASX, says its McPhillamys project in Australia has lost almost all of its value after the federal government issued an…
Regis Resources says Australian project ‘not viable’ after minister’s order
Australian gold miner Regis Resources (ASX: RRL) warned on Monday that its McPhillamys project is “not viable” due to a last-minute environmental protection declaration by the federal government. The company…
SolGold sets Cascabel project milestones to reach by year-end
Ecuador-focused SolGold (LSE: SOLG; TSX: SOLG) reaffirmed its commitment to de-risking and advancing its flagship Cascabel copper-gold asset through a set of milestones, in a progress update on Wednesday. The…
Franco-Nevada buys Yanacocha gold mine royalty for US$210M
Royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) has agreed to pay Buenaventura up to US$235 million in cash and shares for a 1.8% net smelter return royalty (NSR)…
Escondida workers reject BHP offer that includes US$28,900 per-worker bonus
Workers at BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) Escondida copper mine in Chile downed tools on Tuesday after wage negotiations ended up without and agreement between the parties, despite…
Chile-focused CleanTech Lithium heads for Australian listing
Chile-focused explorer and developer CleanTech Lithium (AIM: CTL) said on Tuesday its plans to list on the Australian Securities Exchange (ASX) next month, targeting to raise up to A$20 million…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Lucara sales offer hope to struggling diamond sector
Lucara Diamond (TSX: LUC) saw its sales and earnings climb in the second quarter of the year, supported mainly by its recently revived supply deal with Belgium’s HB Antwerp, which…
Australia’s ERA scores win in battle to keep uranium lease
Australia’s Federal Court has temporarily halted the government’s decision to not extend Rio Tinto-owned Energy Resources of Australia‘s (ASX: ERA) lease for a high-grade uranium deposit in the country’s Northern Territory….
Nutrien names insider Mark Thompson as CFO as potash market wobbles
Nutrien (TSX: NTR; NYSE: NTR), the world’s biggest fertilizer producer, has appointed a new chief financial officer amid an industry downturn that has dented profits. Mark Thompson, who has been…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…