Deepest marathon on Earth tests runners and miners

Early results from metallurgical test work at Mina do Barroso show potential for lower capital and operating costs.

Simon Thompson is the latest high-profile departure linked to the miner’s destruction of ancient rock shelters in Western Australia.

Both Kagem emerald mine in Zambia and Montepuez ruby mine in Mozambique will restart production in a phased manner in mid-March.

The 242.31-carat diamond is one of the largest gem-quality ones mined by the Russian company since 2000.

The Scottish miner also said that slower than anticipated labour build-up and training will impact March production.

The eye-popping figure pales in comparison to the astronomical $1 trillion in coal investments held by 4,488 institutional investors as of January this year.

The miner beat expectations with a small fall in 2020 earnings, but boosted dividend as soaring commodity prices helped it recover from covid-19 disruptions in the first half of the year.

Adamas Intelligence reports that EV registrations grew by 58% year-on-year in the second half of 2020 and, with them, battery metals deployment.

The Canadian company said new target areas are along the same lithium pegmatite trend as Ganfeng and International Lithium Corporation’s Avalonia project.