South32 Survives Mining Sector Slump to Cut $350m in Costs Until 2018
BHP spin-off South32 is looking to cut costs by $350m a year over the next three years and has flagged a first dividend for shareholders for early next year, as part of the new company’s first results, unveiled Monday. |
EY’s Mining Eye Index Climbs First Time in a Year
Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter |
Worker Dies at Sherritt’s Ambatovy Operation, Madagascar
A contract worker has died from head injuries after being struck by a falling tree at diversified miner Sherritt International’s Ambatovy joint-venture project, in Madagascar. |
Diamond Producer Alrosa to Supply Norilsk with X-ray Slurry Analysers
A subsidiary of Russian diamond major Alrosa has won a tender to supply nickel miner Norilsk with five X-ray slurry analysers. |
First Nickel Locks Gates to Sudbury Mine
When workers at the Lockerby mine in Sudbury, Ontario arrived on shift at 5 a.m. on Thursday, they found the gates locked and the copper-nickel mine idle. |
First Nickel Goes into Receivership
Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principle secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Ac... |
NUM Signs Three-year Wage Deal at Nkomati Following Three-day Strike
The National Union of Mineworkers announced on Thursday that it had signed a three-year wage deal at the Nkomati Nickel mine, which is owned by Patrice Motsepe’s African Rainbow Minerals and Norilsk of Russia. |
Western Areas Reports a Profit Rise Despite Weak Market
Despite a challenging price environment, nickel miner Western Areas has reported a 37.5% increase in net profits after tax for the year ended June, as costs were reduced and volumes increased. |
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