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Iran moving away from exporting raw minerals to create more added value

26 June 2020 - 23:41
Deputy Iranian Industry, Mining, and Trade Minister Darioush Esmaieli says over 90 million tons of iron ore was produced in the country during the previous Iranian calendar year of which only seven percent was exported.

$41b of annual non-oil exports atop agenda: industry min.

26 June 2020 - 23:29
Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).

Industry, mining, trade projects worth over $5.4b inaugurated in 2 months

26 June 2020 - 04:39
Some 196 industrial, mining and trade projects worth 230 trillion rials (about $5.48b) went operational throughout the country since the beginning of the current Iranian calendar year (March 20) up to June 16.

Zijin, the mystery miner buying Guyana Goldfields

14 June 2020 - 01:00
China’s Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals’ (TSX, NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at C$323 million ($238m).

Appia to drill at world’s 2nd richest rare earth prospect

14 June 2020 - 00:58
About 80-85% of North America’s rare earths supply currently comes from China, a situation that is becoming untenable, given the US-China trade war tensions and coronavirus pandemic.

B2Gold doubles quarterly dividend

14 June 2020 - 00:56
The board of directors of B2Gold (TSX: BTO) on Friday approved a cash dividend for the second quarter of $0.02 per share, up from its previous quarterly dividend of $0.01 per share.

Vedanta books $1.7 billion loss in Q4 as oil prices plunge

10 June 2020 - 02:49
Indian miner Vedanta Ltd reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth quarter of its financial year, compared with a profit of 26.15 billion rupees in the same period a year earlier.

Zirconium, titanium, rare earths refining technology funded by Korea

10 June 2020 - 02:47
Australian Strategic Materials announced that its Korean partner, Zirconium Technology Corporation, was awarded $4.5 million in grants by the Korean government to be used in the development of the companies’ joint venture.

Saudi Arabia aims to boost investment with mining law

10 June 2020 - 02:44
Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons.

Cobre Panamá asks Ministry of Health for permission to resume activities

10 June 2020 - 02:40
Minera Panamá, a subsidiary of Canada’s First Quantum Minerals (TSX: FM), asked the Panamanian Ministry of Health to allow the company to restart operations as soon as possible.
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