Recent Articles

At least 19 dead after illegal mine collapses in Tanzania

Posted on April 17, 2015

The accident occurred on Thursday night at Kahama district, Shinyanga region, near Acacia Mining's licensed Bulyanhulu gold mine.

Lucapa Diamond unearths 63.05-carat rock from Angola mine

Posted on April 17, 2015

It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.

World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Posted on April 17, 2015

Study shows the bank offered $3.4bn in loans, grants, guarantees, risk management and equity for fossil fuel-related projects for the 2013-14 financial year.

Kyrgyzstan aborts plans to grab Centerra’s Kumtor mine, but wants more say

Posted on April 17, 2015

A long-discussed 50/50 joint venture with Centerra doesn't seem to be in Kyrgyzstan's plans any longer.

Australia’s AGL to shut all coal plants by 2050

Posted on April 17, 2015

Australia's No.2 power retailer's decision aims to curb greenhouse gas emissions.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Posted on April 17, 2015

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

Posted on April 16, 2015

The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

Posted on April 16, 2015

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Thousands stand up for Canadian mine threatened with closure in Greece

Posted on April 16, 2015

About 4,000 people protested Thursday in Athens against the government decision to revoke Canada's Eldorado Gold Corp.'s licence to develop a gold mine in Skouries.

Canada and India sign historic uranium supply deal

Posted on April 15, 2015

As part of the agreement, Cameco will supply 7.1 million pounds (3.22 million kilos) of uranium concentrate to India over the next five years.

Canadian wins right to sue Silvercorp over ‘false imprisonment’ in China

Posted on April 15, 2015

After a B.C. court rejected a bid by the miner to have Kun Huang’s allegations thrown out.

Asteroid miner puts first demonstration spaceship in orbit

Posted on April 15, 2015

The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.

Japan nuclear reactors to remain closed, court rules

Posted on April 15, 2015

Landmark decision could complicate Prime Minister Shinzo Abe's push to return to atomic energy.

Gold, platinum and diamonds bike a real luxury

Posted on April 15, 2015

This $54,000 Cipollini bike features 40 grams of 18-carat gold, 122 grams of platinum, and 17 carats of black and white diamonds.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Posted on April 14, 2015

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

EU lawmakers toughen up rules limiting the import of conflict minerals

Posted on April 14, 2015

The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.

Zambia dumps mining royalty hike, settles at 9%

Posted on April 14, 2015

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

Oil sands expansion and carbon reduction policies are mutually exclusive: report

Posted on April 13, 2015

Study argues Alberta’s emissions would be roughly equal to Ontario, Quebec and British Columbia combined by 2020.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Posted on April 13, 2015

But China’s slowdown, rising costs and falling prices may get in the way.

Canada’s Alamos Gold, AuRico merging in $1.5 billion deal

Posted on April 13, 2015

The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.

AngloGold a step closer to selling U.S. mine

Posted on April 13, 2015

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Southern Copper’s Tia Maria safe for the environment — Peru minister

Posted on April 10, 2015

Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.

Mick Davis first deal to land in Canada: report

Posted on April 10, 2015

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Posted on April 10, 2015

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Canada’s Quebec re-launches less ambitious Plan Nord

Posted on April 8, 2015

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

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