Recent Articles

Canada’s Nevsun denies claims of human rights abuses at Eritrea mine

Posted on September 4, 2015

The Vancouver-based miner has released an independent report that found no evidence of forced labour or human rights violations at its Eritrean gold and copper operation.

Glencore’s just had one of its worst weeks ever — shares down 22 pct

Posted on September 4, 2015

The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.

Canada’s Supreme Court lets Ecuador villagers sue Chevron for $9.5bn

Posted on September 4, 2015

The decision could set a precedent for similar cases involving mining companies around the world.

Vedanta forces 133 of its Zambian workers to take paid leave

Posted on September 4, 2015

Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.

Tahoe’s operations in Guatemala not affected by President’s resignation

Posted on September 3, 2015

The Canadian firm said its Escobal mine remains unaffected by the ongoing political turmoil in the country, which has forced President Otto Perez to resign amid a corruption scandal that gutted his government.

Sibanye confirms talks with Anglo over platinum mines for sale

Posted on September 3, 2015

This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.

Codelco $7.5 billion Andina mine expansion plan to take about two years

Posted on September 3, 2015

The project is considered key for Codelco, as it is the only one that will allow the state-owned miner to increase production in the coming years.

Canadian Oil Sands project to operate at ‘minimal’ rates until end of the month

Posted on September 3, 2015

The largest synthetic crude oil processing facility in Canada is slowly recovering from a fire that damaged equipment and communication lines over the weekend.

Clive Palmer’s Mineralogy takes Citic to court in A$10 billion lawsuit

Posted on September 1, 2015

The fresh legal action is part of an ongoing dispute between the parties over mining royalties in Western Australia.

African Potash soars on second supply deal in a week

Posted on September 1, 2015

The company plans to create a vertically integrated operator to tap into a region that buys in an estimated 10 million tonnes of fertilizer a year.

Extremely rare mineral found in 1.2-billion-year-old meteorite impact in Scotland

Posted on September 1, 2015

The finding is more than double the age of the previous oldest known occurrence of reidite, believed to have formed about 450 million years ago.

Spanish police arrest American-Belgian man on ‘blood diamond’ charges

Posted on August 31, 2015

The 64-year-old American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds.

US Rare Earth Minerals says it has no supply deal with Tesla

Posted on August 31, 2015

The company that sealed the high-profile deal to supply lithium to electric carmaker is in fact London-based Rare Earth Minerals (LON:REM).

China’s Zijin hands $298 million to partner Barrick Gold

Posted on August 31, 2015

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

Fire damages Canadian Syncrude equipment, forces firm to halt production

Posted on August 31, 2015

The incident adds to the firm's mounting challenges, including swinging to a loss, growing debt, unplanned equipment outages and Moody’s Investors Service recent cut of the company's credit rating.

First Quantum begins production at $2.1bn Sentinel copper mine in Zambia

Posted on August 28, 2015

The Vancouver-based miner aims to produce 280,000 to 300,000 tonnes of the red metal a year, but commercial levels won't be reached until state power utility Zesco finish connecting the mine to the power grid.

Glencore may be forced to shut down giant zinc mine in Australia

Posted on August 28, 2015

The Northern Territory Chief Minister has threatened to close Glencore's McArthur River operation if the miner does not improve its environmental practices.

Power shortages, cost cuts to hit Congo’s copper output

Posted on August 28, 2015

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Freeport-McMoRan cuts spending, production and jobs: shares soar

Posted on August 27, 2015

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

Posted on August 27, 2015

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

Greek court hands legal win to Eldorado Gold over halted mine

Posted on August 27, 2015

The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.

About 80% of Colombia’s gold output comes from illegal miners — Gov't

Posted on August 27, 2015

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

Vale sells Integra coal mine in Australia to Glencore and Bloomfield

Posted on August 26, 2015

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Imminent verdict in case that blames Acacia of partner’s mine permit loss

Posted on August 26, 2015

An arbitration tribunal is set to decide in October whether Acacia Mining has to pay a $115 million compensation claim to a former partner in Tanzania.

US company to begin recovering rare earths from old electronics

Posted on August 26, 2015

U.S. Rare Earths Inc. will apply a new method that assists in the recycling, recovery and extraction process of the coveted elemenst, used as ingredients in magnets, batteries, catalytic converters and high-tech products

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