Global insight

Brazil Court Orders Vale to Halt Amazon Nickel-Mine Operation

A Brazilian federal court on Friday ordered Vale to halt activity at its Onsa Puma nickel mine, in Brazil’s Amazon state of Para, until it can demonstrate what actions it has taken to compensate indigenous communities in the region.

Monday, August 17, 2015

NRZ Volumes up 150 percent

THE National Railways of Zimbabwe’s volumes have increased 150 percent since the beginning of the year spurred by an increase in coal production at the country’s major mines.

Monday, August 17, 2015

Armco Metals Holdings Announces Financial Results for the First Quarter of 2015

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Monday, August 17, 2015

Government Takes Steps to Boost Its Fragile Economy

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Monday, August 17, 2015

Optimum Rescue Chance Reasonable if Eskom Deal Renegotiated – Glencore

The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue procee...

Friday, August 14, 2015

Vale Says Leak at Copper Cliff Smelter in Canada Contained

Brazilian miner Vale said on Thursday that a nitrogen dioxide leak at its Copper Cliff smelter in Sudbury, Ontario had been contained and that the leak did not result in any injuries.

Friday, August 14, 2015

Mincor Battles Falling Nikcel Prices and Higher Costs

Despite beating production targets, nickel miner Mincor Resources reported a total net loss after tax of A$34.26-million for the full year ended June, compared with a profit of A$1.85-million in the previous financial year.

Friday, August 14, 2015

Thawing Diplomatic Relations Rekindle Prospects of US Investment in Cuba’s Mining and Petroleum Sectors

Re-establishing diplomatic relations between Cuba and the US after 54 years has rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors.

Friday, August 14, 2015
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