Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses

Having trouble viewing this email?  View online Mining News Digest Tuesday 24 April 2018 Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium Gemfields talks up 'responsibility' amid lawsuit over alleged human rights abuses The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector. read » Peru expects $20.8 billion in mining investments Only in 2019, Lima expects to receive $2.9 billion in mining investments. read » Eurasian Resources flouted the rights Congolese villagers: UK report According to the UK National Contact Point, the Kazakh mining giant deprived people of clean water and healthcare. read » Randgold expects Kibali gold output to rise thanks to automation Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code. read » Petra Diamonds rallies on revenue growth, record output Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats. read » DRC miners hopeful new code issues can be resolved They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code. read » Newcrest plan to dump tailings in old Cadia open pit approved The use of the pit as a tailing storage facility means the miner will sacrifice remaining gold and copper reserves to help it return to full production after a dam collapse halted operations at the underground mine complex. read » Australia's Fortescue iron ore shipments, price fall in Q3 The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China. read » Barrick Gold earnings just beat market; turns focus to growth Barrick Gold Corp reported a slightly better than expected increase in first-quarter adjusted profit on Monday. read » Commodities: the top asset class of 2018 so far If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003. read » Should we expect a crisis in the Russian coal industry? The main objective of Russian coal companies is to manage internal crises: managerial, bureaucratic and technological crises. read » Poland's KGHM says Q1 copper sales fall 12 pct yr-on-yr KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes. read » US extends deadline for Rusal sanctions, aluminum prices dive Aluminum prices on the London Metal Exchange tumbled more than 8 percent after the U.S. Treasury Department announcement. read » Glencore's prize cobalt miner is bogged down deeper in Congo Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines. read » Glencore says legal proceedings opened against Congo unit High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world's largest source of cobalt. read » LME to temporarily move nickel closing prices out of ring The move is likely to happen early next year and last for three months, after which pricing will return to the ring. read » Indonesia's Adaro targets 35 pct growth in coking coal output Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017. read » Chalco Q1 profits fall 19.4 pct on lower aluminium prices Chalco produced approximately 3.61 million tonnes of aluminium last year, according to a filing to the U.S. Securities and Exchange Commission last week. read » New Zealand coal is used for much more than just electricity generation "Coal plays an important part in New Zealand's export reliant economy," Straterra CEO Chris Baker said today. read » Read more news on MINING.com » Home     Gold     Coal     Copper     Iron Ore     Oil Sands     Rare Earth     Silver     Uranium About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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