Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.
The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
At the Cambridge House Vancouver Resource Investment Conference this past Sunday and Monday, we had the chance to ask respected mining analyst Brent Cook for his outlook on the sector for which he is best known.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
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.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
World number one miner BHP Billiton achieved record production for eight operations and five commodities over the last six months.
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.
Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.
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.
Wilderness Committee is in court this week defending itself against a defamation suit over the New Prosperity Mine.
Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.
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.
So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.
The B.C. government is extending environmental assessment certificates for two controversial mine projects in the province.
Beleaguered Imperial Metals (TSX:III), whose Mount Polley mine in central British Columbia breached a tailings pond last summer, has submitted a plan to restart the copper and gold mine.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.
A mineral exploration company faced an unusual situation recently, when Ontario mining officials enforced foreign orders against mining claims for which the company had recorded its interest.
Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.
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