In 2023, Doña Inés de Collahuasi, a leading global copper producer owned by Anglo American, Glencore, and Japan Collahuasi Resources, reported impressive performance metrics, underscoring a robust year for the company. The firm produced 573,183 tons of fine copper, a figure that highlights its operational efficiency, especially in the concentrator plant where utilization rates reached...
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K92 Mining has announced production results for the first quarter of 2024 at its Kainantu Gold Mine in Papua New Guinea, with production of 27,462 ounces of gold equivalent, surpassing budget expectations. This includes 24,389 ounces of gold, 1,443,300 pounds of copper, and 35,650 ounces of silver. Sales figures for the quarter were similarly strong,...
READ MOREAmerigo Resources has reported exceeding its production targets for the first quarter ended March 31, 2024, from its wholly owned Minera Valle Central operation in Rancagua, Chile. In this quarter, the company produced 16 million pounds of copper and 324,000 pounds of molybdenum, both surpassing their respective guidance figures. Furthermore, Amerigo achieved a normalized cash...
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Chaarat Gold Holdings, focused on mining exploration and development in the Kyrgyz Republic, released its full-year results for the period ending December 31, 2023. The year ended with a Group loss after tax of $25.3 million, a decrease from 2022’s $8.6 million loss, primarily attributed to an increase in finance costs and losses from discontinued...
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February 2024 saw a significant leap in mineral production. The index of mineral production for February 2024 reached 139.6, marking an 8.0% increase compared to the same month in the previous year. This uptick is part of a broader trend, with the cumulative growth of the index over the April-February period of FY24 up by...
READ MOREHindustan Zinc, a subsidiary of the Vedanta Group and a global leader in the Zinc-Lead and Silver market, announced its production figures for the fourth quarter and the fiscal year ending March 31, 2024. Despite a slight year-on-year decrease of 1% in mined metal production for the quarter, the company achieved record highs in refined...
READ MOREAccording to insights from Goldman Sachs, reported by FX168 Finance Group Holding Limited, commodity prices are on the brink of a significant upturn this year, bolstered by expected interest rate reductions by central banks in the U.S. and Europe. These adjustments are anticipated to rejuvenate industrial and consumer demand, with commodities like copper, aluminum, gold,...
READ MOREBoliden, the mining company, has released a statement indicating a significant financial impact if the ongoing strike in Finland extends through March 31. The anticipated negative effect on the company’s operating profit for the first quarter is estimated at SEK 500 million (USD 47.5 million). This estimated impact comprises SEK 200 million (USD 19 million)...
READ MOREGroupe Liébot, a leader in window and façade manufacturing in France, is pressing forward with its development strategy, focusing on social and environmental responsibility, and bolstering its international presence. Amid a market slowdown, the group announced plans for a new factory in Catalonia, Spain, representing an investment of 18 million euros. In a year marked...
READ MORERusal, the leading aluminium producer outside China, witnessed a significant 90% decrease in its adjusted profit for 2023, dropping to $73 million (USD) from the previous year’s earnings. Despite a 6.6% increase in sales, reaching 4.153 million tonnes of aluminium and alloys, the company faced several market and geopolitical challenges that impacted its financial performance....
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