Recent Articles

Congo risking billions with planned tax hike, mining code revision

Posted on January 27, 2015

The central Africa nation may also lose its position as the continent’s top copper producer.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Posted on January 26, 2015

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

Posted on January 26, 2015

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Zambia’s new leader to keep polemic mining tax

Posted on January 26, 2015

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Undisclosed number of diamonds stolen from South African mine

Posted on January 26, 2015

Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.

Cliffs Natural removes quarterly dividend to repay debt

Posted on January 26, 2015

It also said it has reduced its net debt balance by more than $400 million.

Centerra a step closer to moving gold project in Mongolia forward

Posted on January 23, 2015

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Anglo American mulls sale of more coal mines in Australia

Posted on January 23, 2015

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Anglo hit by platinum, iron ore units lower earnings outlooks

Posted on January 23, 2015

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Posted on January 23, 2015

Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.

Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Posted on January 22, 2015

Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.

Peruvian rare earth discovery richer than initially thought

Posted on January 22, 2015

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Posted on January 22, 2015

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Gabriel Resources says Romania holding gold project 'hostage'

Posted on January 21, 2015

The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.

Gold climbed past the $1,300 mark for first time in five months

Posted on January 21, 2015

But it lost its gains right after two ECB officials said policy makers would propose purchasing 50 billion euros in assets per month through the end of 2016.

Global mining sector ended 2014 on a disappointing note: report

Posted on January 21, 2015

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Posted on January 21, 2015

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Canpotex secures potash demand from China in deal with Sinofert

Posted on January 20, 2015

Minimum of 1.9 million metric tons of red standard-grade potash over three years.

Glencore likely to slash spending on coal, oil — HSBC

Posted on January 20, 2015

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

Posted on January 20, 2015

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Rio Tinto’s diamond output down 14% in 2014

Posted on January 20, 2015

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Rio Tinto digging up more iron ore despite slumping prices

Posted on January 20, 2015

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

Fish sperm a ‘key ingredient’ to recycling rare earth elements

Posted on January 19, 2015

Japanese scientists have developed a process that uses salmon sperm to mine and reprocess rare earth elements (REEs).

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Posted on January 19, 2015

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Posted on January 19, 2015

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

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