The Democratic Republic of Congo’s state-owned copper miner is on track to deliver its lowest output since 2004, the year after Africa’s biggest war ended.A shortage of power low-grade ore and equipment breakdowns hurt output. In...
First Quantum Minerals Ltd. (FM) is starting up a Zambian copper mine to feed an $850 million smelter the Canadian producer began operating last weekend amid friction between the mining industry and government over tax changes. Kansanshi...
Zambia reduced its estimate for economic growth this year as mining output in Africa’s second-biggest copper producer shrank. Preliminary real gross domestic product expanded by 6 percent, Finance Minister Alexander Chikwanda said in an e-mailed statement today. In...
Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been...
Joy Global Inc. (JOY), the world’s largest maker of underground mining machinery, said it expects to see further declines in mining-industry capital expenditure during a “challenging” 2015. Next year “will again present challenges as oversupplied commodity market dynamics...
TORONTO • In the short-term, the diplomatic breakthrough between the United States and Cuba changes very little for Sherritt International Corp. and the dozens of other Canadian companies active in Cuba. But a potential lifting of the U.S. embargo...
For a long time, “hedging” was a very bad word in the gold mining business. But hedging has enjoyed a small-scale revival as prices plummet back to earth. However, activity was muted in the third quarter. A new report...
