Recent Articles

Rocket explosion a fresh blow to asteroid mining ambitions

Posted on June 29, 2015

Yesterday's fiasco was the third major failure for America's commercial space industry in less than a year.

Mongolia to pay $100 million owed to Canada’s Khan Resources

Posted on June 29, 2015

The company, however, says it has not yet received any direct communication from Mongolia on the matter.

South Africa’s gold workers 'unimpressed' with 13% pay rise offer

Posted on June 29, 2015

Gold producers offered above-inflation wages, which make up 55% of their mining costs in the country.

Iamgold trims 2015 output forecast over earthquake disruption at Quebec mine

Posted on June 29, 2015

The Canadian miner said it expects the lower output to "adversely" impact costs at the mine.

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Posted on June 29, 2015

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

Posted on June 26, 2015

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

Alberta's new emissions levy costly — Canadian energy industry

Posted on June 26, 2015

By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Posted on June 26, 2015

The company, however, said it remained committed to the diamond industry.

South African commission finds police to blame in Marikana deaths

Posted on June 25, 2015

The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.

China readies to launch yuan gold fix before year-end

Posted on June 25, 2015

While details remain unknown, it is believed the fix would be launched via the Shanghai Gold Exchange, the world's biggest physical bullion exchange.

Adani confirms work halted at controversial coal project by the Great Barrier Reef

Posted on June 25, 2015

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

Posted on June 25, 2015

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

Iron ore prices hit six-day highs, but rally won’t last say experts

Posted on June 24, 2015

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

South African gold sector to table wage offer next week

Posted on June 24, 2015

The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.

Zambia to slash royalties, reinstate mining tax

Posted on June 24, 2015

The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.

Opposition to Sirius Minerals $3bn potash project in national park builds up

Posted on June 24, 2015

The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.

Amplats axing over 400 jobs in South Africa

Posted on June 23, 2015

Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.

Gold hit by Fed's Powell comments on rate hikes

Posted on June 23, 2015

Gold futures for August delivery declined for the third day Tuesday, hitting $1,177.30 an ounce in early trading on the Comex in New York.

Chile may revoke Teck’s copper mine permit over environmental breaches

Posted on June 23, 2015

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Posted on June 23, 2015

Until now Canadian companies needed to have at least 51% stake in any uranium project.

Firestone Diamonds delays Lesotho mine launch

Posted on June 23, 2015

Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.

Kameron Collieries closer to reopen massive coal mine in Canada's Nova Scotia

Posted on June 22, 2015

In recent months the mine has been pumped out and now the company is working on fixing existing power lines and bringing equipment to the site.

Uralkali may delist before year-end ahead of imminent merger — report

Posted on June 22, 2015

The world's largest potash miner is said to be mulling a merger with Uralchem, one of its main shareholders.

US regulator drops probe on Gold Fields’ South Deep BEE deal

Posted on June 22, 2015

The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.

Zijin goes after Aussie gold miner in overseas buying spree

Posted on June 22, 2015

The Chinese firm already mines gold next door to a Phoenix deposit.

More »