The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.
The miner plans underground operations at North Mara and inked a deal that could see it acquire up to 70%of a project in Burkina Faso.
Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.
By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.
Locals were protesting the imminent construction of Platreef platinum mine.
Report shows there are 39 assets in production within the Ebola-affected region.
The project could prove to be more valuable than the country’s biggest gem producer, Catoca,
Even a global economic growth slowdown will not seriously impact the future of the shale oil patch, Rudolf "Rudy" Hokanson tells The Energy Report.
The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.
Casey Research energy strategist Marin Katusa cautions that Russia and China have forged an alliance with the goal of world supremacy through control of the energy market and Vladimir Putin is winning.
The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.
They will look at compensation and medical care for workers with occupational lung disease or "silicosis."
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.
More than two years after 34 protesters were killed in the deadliest police action in South Africa since the end of apartheid, the state is completing its investigation.
As usual the leaders of the G20 countries will be deliberating on issues that will have ramifications for not only their respective economies but also the rest of the world, including those who will not be represented at the deliberations.
In Burkina Faso, protesters wanting to prevent President Blaise Compaoré from serving another term had stormed the Parliament and set it ablaze.
The country's mining industry sees a decline in financial performance in the wake of continued labour unrest and cost pressures.
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.
Friday’s rally was just a brief break for the precious metal.
Eastern Platinum Limited has reached an agreement with Hebei Zhongbo Platinum Company Limited for the disposal of its platinum group metal operations in South Africa.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
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