What damages did electricity restrictions cause to KSC in the last 3 years?
Mining News Pro - In recent years, energy consumption restrictions imposed on parent and strategic companies and industries have been one of the serious obstacles to jump production in the country.
-
-
Visit: 67
Vale expects tentative dam collapse settlement with Brazil authorities this month
Brazilian miner Vale expects to reach a tentative agreement by the end of this month with Brazilian federal and state authorities to settle reparations over the deadly 2015 collapse of a tailings dam, an executive said on Thursday.
-
-
Visit: 72
Copper’s spike isn’t justified by fundamentals, Trafigura says
Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices.
-
-
Visit: 42
Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse
Brazil’s government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109 billion reais ($20.74 billion) as reparations for a tailings dam collapse in 2015.
-
-
Visit: 64
Berkeley seeks $1bn in damages from Spain over uranium mine dispute
Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
-
-
Visit: 68
Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus
Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the session, on investor caution as steel demand remained subdued in top consumer China despite latest property stimulus.
-
-
Visit: 59
Vale expects final agreement for Mariana dam reparations in first half of year
Mining company Vale expects to reach a final agreement with authorities for reparations for the collapse of the Samarco tailings dam by the end of the first half of this year, the company told Reuters in a statement on Wednesday.
-
-
Visit: 67
Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident
Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income.
-
-
Visit: 155
Aboriginal group to inspect rock shelters for potential Rio Tinto damage
An Aboriginal group from Western Australia’s iron ore producing region will inspect an important cultural site in the coming days after it received a notice from Rio Tinto of possible damage, the group’s chief executive said.
-
-
Visit: 146
BHP to review $9.7 billion charge over Brazil dam failure
BHP said on Friday it had yet to receive a formal notification from Brazilian authorities about a court decision sentencing it to pay 47.6 billion reais ($9.7 billion) in damage repairs over a burst tailings dam in 2015.
-
-
Visit: 164
Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst
More than 1,400 plaintiffs are demanding over 582 million euros ($634 million) in damages from German industrial inspector TÜV Süd over its alleged role in the deadly collapse of a dam in Brazil, their lawyers said on Thursday.
-
-
Visit: 189
Iron ore price logs second weekly gain on China stimulus, sound fundamentals
Mining News Pro - Iron ore rose for a second consecutive week, underpinned by stimulus-related optimism and supportive fundamentals in top consumer China, although gains narrowed on Friday on fear of possible government supervision.
-
-
Visit: 214
Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say
Mining News Pro - Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need for better heritage protection laws and a greater say for Indigenous groups promised in this month’s Voice referendum, advocates say.
-
-
Visit: 196
Iron ore price rallies on China fundamentals, but cap looms
Mining News Pro - The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world’s top buyer of the steel raw material.
-
-
Visit: 169
Vale loses bid to block BHP’s London lawsuit in Brazil dam case
Mining News Pro - Vale on Monday lost a bid to block BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster.
-
-
Visit: 169
Boliden’s Ronneskar metals smelter damaged in fire, output halted
Mining News Pro - A fire broke out overnight at Sweden’s Ronnskar smelter, a major producer of copper, zinc, lead and other metals, and output from the site has been halted until further notice, plant owner Boliden said.
-
-
Visit: 215
BHP says Vale must share damage costs in Fundao dam collapse lawsuit
Mining News Pro - Although Samarco, a joint venture between BHP and Vale, operated the dam, the class action involving around 200,000 people does not name Vale.
-
-
Visit: 526
Tesla-backed nickel miner cuts output after waste dam leak
Mining News Pro - The troubled Goro nickel mine — one of the world’s largest deposits, which is part-owned by Trafigura Group and backed by Tesla Inc. — has been forced to reduce production to address a leak from its tailings dam.
-
-
Visit: 345
Petra Diamonds halts Williamson mine in Tanzania after dam breach
Mining News Pro - The company, which also operates three mines in South Africa, said the eastern wall of Williamson’s tailing dam was “breached”, but said in an email that the pit was not affected.
-
-
Visit: 528
More near-term pain for copper companies despite strong fundamentals, analysts warn
Mining News Pro - Inflation will also impact results, which continued at an annualized 8.2% rate for the quarter, resulting in increased operating mine costs.
-
-
Visit: 406
South Africa mine dam wall collapses, killing one and injuring 40
Mining News Pro - Flooding caused by the collapse of a mine dam wall in South Africa’s Free State province swept away houses and cars on Sunday, the provincial government said, killing one person and injuring another 40.
-
-
Visit: 608
Climate disasters risk putting a damper on electric car making
Mining News Pro - Automakers racing to make more electric vehicles have a problem: climate change is catching up with the industry.
-
-
Visit: 565
Vale fined $17m for Brumadinho tailings dam disaster
Mining News Pro - Brazilian miner Vale SA was fined after the country’s comptroller general decided the firm failed to present reliable information on the conditions of its Brumadinho tailings dam prior to a 2019 disaster, the company said on Monday.
-
-
Visit: 693
St Barbara wants to raise tailings dam at Touquoy gold mine in Nova Scotia
Mining News Pro - St Barbara could be forced to suspend operations at the Touquoy gold mine in Nova Scotia soon, should it fail to receive provincial government approval for a proposed tailings capacity expansion by early August. The mine’s current tailings capacity is expected to be exhausted in mid-September 2022.
-
-
Visit: 483
Vale to spend $400 million in 2022 to remove tailings dams
Mining News Pro - Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.
-
-
Visit: 663