Diversified miner Independence Group has revised its mine plan and cut staff numbers at its Long operation, in Western Australia, in response to the current weakness in the nickel price.
The largest landholder in the promising mine camp known as the Ring of Fire, in Northern Ontario, has closed a C$1.54-million financing to advance the development of its Eagle’s Nest project, for exploration in the region and for general working capital.
Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimization and...
Current pressures on the mining sector is driving increased interest in the cost savings and power security advantages that renewables could provide mining operations.
African Rainbow Minerals, led by CEO Mike Schmidt, posted a 58% fall in annual headline earnings on Friday reflecting lower commodity prices which forced it to shut down several manganese alloy furnaces.
Gold sales from Pan-African multi-commodity mining and development company Mwana Africa’s Freda Rebecca mine, in Zimbabwe, Dropped slightly to 57799 oz during the financial year ended March 31, from the 58704 oz sold during the prior financial year.