Perseus Mining, an Australian firm with significant operations in West Africa, reported a 6% decrease in gold production at its Yaouré mine in Côte d’Ivoire for the year 2023, producing 271,499 ounces compared to 294,892 ounces in 2022. This decline at Yaouré contributed to an overall dip in the company’s Ivorian gold output, which fell to 325,888 ounces in 2023...
Mining news
GLM and Anglo American Forge Strategic Partnership for Nickel and Battery Material Innovation
GLM, a leading urban mining firm based in Shenzhen, China, has entered into a groundbreaking Memorandum of Understanding (MoU) with the Singapore Branch of Anglo American plc, a globally renowned resource company headquartered in the UK. Signed on January 24, 2024, this MoU aims to catalyze cooperation in the research and development of nickel products and power battery material processing...
Rosatom to Invest Nearly RUB 800 Million in Lovozersky GOK for REM Production Enhancement
Rosatom State Corporation is set to channel almost RUB 800 million into the development of the Lovozersky Mining and Processing Plant (GOK), as revealed by Alexei Shemetov, First Deputy General Director of JSC Atomredmetzoloto, in preparation for the corporation’s public reporting. This investment aims to bolster the production of rare earth metal (REM) concentrates, marking a significant step in enhancing...
Alcoa Workers Reject Postponement Proposal Amid Lack of Guarantees
Workers’ unions at Alcoa’s San Cibrao aluminum plant have firmly declined the company’s suggestion to delay the facility’s reopening, citing a lack of substantial guarantees from the multinational. Despite Alcoa’s push for a response to its proposal by Wednesday, the unions stand united in their demand for the company to adhere to the previously agreed-upon viability plan, which outlines a...
Freeport-McMoRan Reports Robust Fourth Quarter and Full-Year 2023 Performance
Freeport-McMoRan has announced its financial and operational results for the fourth quarter and the entire year of 2023, showcasing a solid operational performance and a promising outlook. The company’s fourth-quarter performance was notably strong, with copper sales volumes surpassing both the October 2023 estimates and the figures from the fourth quarter of the previous year. Additionally, unit net cash costs...
Chilean Mining Industry Faces Decline in Sulfuric Acid Consumption by 2032
The mining industry in Chile, a key player in global copper production, is poised to see a significant decline in sulfuric acid consumption, a crucial component in copper extraction and processing. According to a recent report by Cochilco, sulfuric acid consumption is expected to drop by 34.2% by 2032, a trend closely related to the scheduled closure of several major...
Barrick’s Lumwana Super Pit Project Scheduled for 2028 Production Commencement
Barrick Gold Corp.’s Lumwana copper mine in Zambia is set for a significant expansion with its Super Pit project, now accelerated for a production start in 2028. This development is part of the Zambian government’s initiative to rejuvenate the country’s copper industry over the next decade. The Super Pit expansion is projected to transform Lumwana into one of the world’s...
IAMGOLD Announces Strong 2023 Production Results and Progress at Cote Gold Project
IAMGOLD Corporation has announced its preliminary full-year and fourth quarter 2023 production results, along with notable progress at the Cote Gold Project in Ontario, Canada. The company’s production results for 2023 align with the higher end of its annual production guidance. 2023 Production Highlights – IAMGOLD achieved an attributable gold production of 465,000 ounces in 2023, which sits at the...
Vilnohirsk Mining Set for Increased Production in 2024 Under United Mining and Chemical Company
Vilnohirsk Mining and Metallurgical Combine, located in the Dnipropetrovsk region in Ukraine and a part of the United Mining and Chemical Company (UMCC), is gearing up to boost its production output in 2024. This initiative follows a recent visit by the head of the State Property Fund of Ukraine, Vitaliy Koval, to the enterprise. During his visit, Koval inspected the...
Alcoa Requests Further Delay in Restarting Operations at San Cibrao Plant
Alcoa, the largest aluminum producer in the U.S., has once again approached the works council to request a postponement in the restart of 32 vats at its San Cibrao aluminum factory, located in Cervo (Lugo). Originally scheduled to resume operations on April 1 this year, the company is now seeking to delay this restart due to financial concerns. Alcoa has...