Newmont sticks to mine investment delay, dashing Peru hopes
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian government’s hopes of a forthcoming announcement.
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Visit: 34
Energy transition delay will impact investment – Wood Mackenzie
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels and result in a 55% fall in global average spending, a report by consultancy Wood Mackenzie showed.
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Visit: 57
Russian diamond ban creates costly delays, Antwerp diamond dealers say
Antwerp’s diamond dealers face long and costly delays following an EU ban on Russian-origin diamonds that took effect on March 1 and has slowed imports, they say in a letter seen by Reuters.
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Visit: 104
France’s $1.6 billion uranium deal with Mongolia faces delays
France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.”
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Visit: 136
India urges G7 to delay ban on Russian diamonds as rules lack clarity
Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.
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Visit: 123
EU and US delay key trade meeting amid deadlock in negotiations
Mining News Pro - A trade meeting between the US and European Union due to take place next month is expected to slip to early next year as the two allies remain deadlocked in talks about steel and critical minerals.
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Visit: 262
Buenaventura suspends Peru mine on permitting delays
Mining News Pro - Buenaventura, Peru’s top publicly traded precious-metals producer, has halted its Colquijirca’s Tajo Norte zinc-lead-silver mine for up to three years due to permitting delays.
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Visit: 119
Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed
Mining News Pro - Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world’s largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said.
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Visit: 143
UN watchdog delays deep-sea mining to 2024
Mining News Pro - Plans to begin mining the seafloor for metals that could be used in the energy transition have been pushed back to at least next year after a meeting of the UN-backed regulator in Jamaica ended without agreement on how the industry would be regulated.
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Visit: 148
Black Swan restart delayed
Mining News Pro - Poseidon Nickel has made significant progress towards the restart and expansion of its Black Swan project in WA.
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Visit: 118
Chinese-owned mine hit by more delays in key Peru copper expansion project
Mining News Pro - A unit of state-owned China Minmetals Corp. is bracing for further delays in building a second pit at its troubled Las Bambas copper mine in Peru, while the military there continues to buffer the operation from protest disruptions.
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Visit: 114
Chinese-owned mine hit by more delays in key Peru copper expansion project
Mining News Pro - A unit of state-owned China Minmetals Corp. is bracing for further delays in building a second pit at its troubled Las Bambas copper mine in Peru, while the military there continues to buffer the operation from protest disruptions.
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Visit: 118
Glencore staff bribery charges delayed until later this year
Mining News Pro - The UK’s fraud prosecutor is to delay a long-awaited decision whether to charge as many as 11 ex-Glencore Plc employees involved in the widespread corruption perpetrated at the company.
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Visit: 196
South Africa pushes to delay coal plant closures
Mining News Pro - South Africa has told rich countries backing its $8.5 billion energy transition deal that it wants to delay the closure of some units at its coal-fired power plants, people familiar with the situation said.
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Visit: 196
Chile mine delays to slow copper growth
Mining News Pro - Copper production in Chile, the world’s largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago.
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Visit: 380
Wesdome CEO resigns in surprise move after delayed projects
Mining News Pro - Wesdome Gold Mines (TSX: WDO) president and chief executive officer Duncan Middlemiss has resigned after the Kiena mine upgrade in Quebec fell behind schedule and the company missed production goals.
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Visit: 143
SolGold delays Cascabel DFS, Porvenir PEA as it looks to cost reduction
Mining News Pro - SolGold discovered and defined the resources at Cascabel for less than $0.01/lb of copper-equivalent or less than $3/oz of gold-equivalent.
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Visit: 318
Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout
Mining News Pro - The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill that it does not own for $3.3 billion, initially scheduled for Nov. 1, was postponed to Nov. 8, and has now been pushed back to Nov. 15.
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Visit: 306
India may delay coal plant closures in blow to climate action
Mining News Pro - India’s government is studying a slower retirement of aging coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals.
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Visit: 838
California lithium tax would delay shipments to automakers
Mining News Pro - A proposed flat-rate tax on lithium produced in California’s Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors Co and Stellantis NV and may push some mining companies to exit the state entirely, industry executives told Reuters.
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Visit: 477
Bolivia again delays announcement on lithium mining tie-ups
Mining News Pro - Bolivia’s government on Wednesday declined to name which of six short-listed companies it would select to help mine its untapped lithium riches, with the chief of the country’s state-run lithium company saying more than one could be eventually selected.
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Visit: 615
Wealth shock delays gold bull market as Goldman revises targets
Mining News Pro - Gold has been hit by a large “wealth shock” on the back of a weaker yuan following the economic impact of the lockdowns in China, the world’s largest consumer, according to Goldman Sachs Group Inc., which revised its price targets. Still, the worst may be over, it added.
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Visit: 1066
Equinox Gold halts RDM mine in Brazil over permit delay
Mining News Pro - Equinox Gold has suspended operations at its RDM mine in Brazil for at least two months as scheduled permits needed to raise its tailing dam were delayed, the company said on May 16.
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Visit: 402
Rio Tinto iron ore shipments drop on covid delays
Mining News Pro - Rio Tinto on Wednesday reported lower-than-expected iron ore shipments in the first quarter and warned of risks from sustained high inflation, a resurgence of covid-19 lockdowns in China and a prolonged Russia-Ukraine war.
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Visit: 579
Newcrest flags delays at Havieron on ground conditions
Mining News Pro - Newcrest Mining, which owns 70% of the Havieron gold-copper project in Australia, flagged on Thursday some delays and said first ore delivery has been held up from the first half of the 2024 financial year to late calendar 2024.
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Visit: 710