Cornwall’s mining revival received a boost on Monday after the firm behind plans to tap into huge reserves of lithium in the county raised £1 million in funding.
Mining and commodities
A gas explosion in a coal mine in the Pakistan-controlled part of Kashmir has killed five miners and injured two after a part of the shaft collapsed, officials say.
A flood in a Russian diamond mine has left nine people missing, the mine’s owner said.
More than 150 people are being evacuated from a Russian diamond mine due to flooding, Russia Today is reporting.
Pakistan focused mining firm Oracle Power has appointed invested banker Andreas Migge to its board of directors, with immediate effect.
Glencore has submitted an improved bid to acquire Rio Tinto’s 100% interest in Coal and Allied Industries Limited.
A Highlands firm searching for gold in the hills of Aberdeenshire has expanded its horizons to include a new licence on the west coast of Scotland.
Perth and Kinross Council today approved plans to develop a mine that will supply the North Sea industry with a vital mineral for decades to come.
BHP Billiton said progress has been made in its negotiations with Brazilian authorities on a settlement for the Samarco tailings mine dam burst.
BHP Billiton made a larger-than-expected cut to its dividend, lowering the payout for the first time in 15 years, as the world’s biggest mining company seeks to protect its balance sheet and credit ratings amid a price collapse that saw first-half profits tumble 92%.
Glencore chief executive Ivan Glasenberg won a vote of confidence from lenders that he can steer the mining company through a dismal market and restore it to financial stability.
Mining giant Anglo American has plunged deeper into the red as it bore the brunt of tumbling commodity prices.