Canadian mining capex reached decade high in 2022

Mining News Pro - Capital expenditure (capex) in Canada’s mining industry increased by 14% to C$13.5 billion last year, its highest in a decade, the latest figures published by Natural Resources Canada showed. The sector’s capex intentions in 2023 are also showing notable growth, rising 21% to C$16.4 billion.

Polymetal hikes 2021 capex guidance

Mining News Pro - Polymetal on Thursday announced a new capital expenditure (capex) guidance for 2021, on the back inflationary cost pressures and the acceleration of a new silver project to take advantage of the favourable market.

Polymetal hikes 2021 capex guidance

Mining News Pro - Polymetal on Thursday announced a new capital expenditure (capex) guidance for 2021, on the back inflationary cost pressures and the acceleration of a new silver project to take advantage of the favourable market.

South Africa’s instability still curbing mining capex

Mining News Pro - Drilling company Master Drilling, which is operating in 23 countries, does not foresee significant fixed capital being spent in South Africa, even though the company is finding strong demand pull in other main mining jurisdictions and earned most of its half-year revenue and highest profit margin in African countries outside of South Africa.

Vale cuts capex as coronavirus hinders operations

Mining News Pro - Vale cut its forecast for 2020 capital expenditure on Tuesday and warned that the novel coronavirus could hinder medium-term production, underlining the impact of the outbreak on the labor-intensive mining industry.

Anglo American to cut capex, costs due to coronavirus impact

Mining News Pro - Global miner Anglo American on Thursday cut its capital expenditure guidance for the year by about $1 billion and said it would cut costs to weather the impact of the coronavirus.

Rio cuts capex and copper expectations

Mining News Pro - Diversified major Rio Tinto on Friday announced that it will cut its capital expenditure by some $2-billion in the wake of the Covid-19 pandemic, while also lowering its copper production guidance for the full year.

Tata Steel to Cut Capex for FY20, Simplify Corporate Structure

Mining News Pro - Tata Steel will be recalibrating its capital expenditure for the current financial year from INR 12,000 crore to INR 8,000 crore, the company’s CEO & Managing Director, T.V. Narendran, told mediapersons on the sidelines of the launch of its steel retail store ‘steeljunction’ in a new avatar, in Kolkata on Saturday. He further said Tata Steel was in the process of simplifying its corporate structure and that the company was looking at creating a downstream company for many of its downstream assets.

Iron miners: capex will not see strong comeback, says new research

Mining News Agency - In a new report published today, BMI Research says the firm’s analysts maintain their iron ore price forecast at $70/tonne for 2017 and $50/tonne for next year.

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