Mining Industry Market Reports

Anglo American plc announces the completion of the sale of its Niobium and Phosphates businesses in Brazil to China Molybdenum Co. Ltd, following the agreement announced on 28 April 2016. The economic benefits of the businesses will transfer to CMOC as of the end of 30 September 2016.Anglo American has…
Rio Tinto has completed the sale of its 74 per cent of Zululand Anthracite Colliery (ZAC) to Menar Holding, for an undisclosed sum.ZAC, an underground mine in Zululand, South Africa, produces premium quality anthracite for international and domestic customers and has more than 1,300 employees and contractors. The remaining 26…
Rio Tinto chief executive J-S Jacques said “We have delivered strong quarterly production, underpinned by improving operational performance across our Tier 1 portfolio.                                                            Output from our iron ore and bauxite assets reflects the drive for productivity and operational excellence.With a continued focus on value, we will seek further productivity improvements…
Glencore has reached agreement with Genesee & Wyoming Australia to sell its Glencore Rail coal haulage business in the New South Wales Hunter Valley for A$1.14 billion.                                                                   The closure of the transaction is subject to FIRB approval. Peter Freyberg, Head of Glencore’s Global Coal Assets, said: “We established GRail in…
GOLDCORP INC is pleased to declare its quarterly dividend for the three month period ended June 30, 2016 of $0.02 per share. Shareholders of record as of the close of business on Thursday, June 16, 2016 will be entitled to receive payment on Friday, June 24, 2016.   Pursuant to…
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