The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
Ivanhoe Mines (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.
The two men took the cash from an envelope, counted it carefully and spread it on the table in front of Raesetsa Makgabo in her village home.
Dozens of mines closed last year but another 175 million tonnes will have to drop out to neutralize 2015 output growth, which unlike copper is de-risked.
The report, based on responses from 108 buyers and decision-makers across 100 mines in 16 African countries, shows most plan to acquire equipment and maintenance services.
The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.
Refusal by the firm to award a funeral grant to a deceased worker sparked fierce protests at Kalumbila Mine in Solwezi, paralyzing operations at the country’s newest copper mine.
The firm is also said to have of caused civil turmoil and tensions in the region after introducing armed militia to protect its illegal operation.
The miner believes that while the market is oversupplied now it will tighten from 2018.
Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.
The US dollar together with rates and inflation expectations will keep advances in check, but all bets are off if Russia and/or Euroland turn to chaos.
The concept of a government-backed initiative to manage CSR abroad is being looked at by various nations, including Canada and the U.K.
No rally for the red metal in 2015, but all bets are off if China's State Grid Corp finally deploys its $65 billion fixed investment budget.
Tibet-Hima Industries Consortium is set to start copper mining in Uganda in May 2015.
Despite the government announcement Tuesday that it will push ahead with plans to more than triple mining royalties.
There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.
Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.
The deals that were and those that failed. Here is MINING.com’s shortlist.
The market for coloured gemstones is on fire, with pink diamonds, rubies and sapphires achieving record prices. This infographic sheds some light on the situation.
Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.
Not so long ago, declining commodity prices and the outbreak of an epidemic such as Ebola would have triggered a firesale of interest in Africa.
Steinmetz and three BSGR directors argued that Global Witness had obtained personal information about them without authorization and wanted it to be forced to reveal what specific data it held.
Nevsun Resources expands mineralization at its Harena copper-polymetallic deposit near the Bisha mine.
According to the legislators, international mining companies —mainly from Australia, Canada and the U.K— are using the forced labour of Eritreans in their operations.
The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.
Investment plans in the African mining industry point to improving safety first, as well as increasing productivity.
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