The Toronto-based company, which operates the Lumwana mine, hasn’t received any notifications from the tax authority.
While Nelson Pizarro could well stay on as Codelco's chief executive officer, the government is putting together a shortlist of candidates.
Shares of First Quantum fell as much as 13 percent in Toronto and were down 12 percent when the stock was halted ahead of the statement.
The Zambia Revenue Authority may extend the period of the audit should it find a pattern of “consistent, systematic, premeditated” tax evasion.
The government announced the discontinuation exemption from a 35 percent tax on profits, a move it said is in line with international trends.
Turns out, it may be easier to strike gold by growing green.
Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November.
The operators are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month.
Shares of some of the largest potash producers soared on speculation that the accident could knock out a large chunk of global production capacity.
Donald Trump is already taking up a lot of Justin Trudeau’s bandwidth. Steel tariffs sent it to another level.
“The media bubble around clean energy doesn’t reflect reality,” said Alan Svoboda, an executive director of Seven Energy.
RioZim Ltd., a Zimbabwean diamond, nickel and gold miner, wants to more than double output of gemstones at its Murowa mine.
UK investigators raided home of former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group.
The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently.
Partial updgrading would free up pipeline space and produce a grade of oil that's easier to refine and more valuable than the heavy grades produced currently.
Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.
Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.
Sherritt shares were up 2.5 percent at 10:30 a.m. in Toronto.
China mines and burns about half the world’s coal, so it can’t totally ditch it.
The strengthening rand, which squeezes profits for both producers, could make the transaction less attractive for Sibanye.
Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine.
South Africa's mining industry and the government are moving closer to resolving a dispute over levels of black ownership that’s deterred investment and dragged down growth in the country.
If attendance at the world’s biggest mining conference is any indication, things are looking up for the industry.
While tariffs could increase domestic demand for metallurgical coal - which is used in the steelmaking process - most of the market for that fuel is abroad.
The zinc market is making a U-turn.