The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
Atlas Copco, an industrial group with world-leading positions in sustainable productivity solutions, ranks 23rd among the 2015 Global 100 Most Sustainable Corporations in the World index – a list presented on Jan. 22 at the World Economic Forum in Davos, Switzerland. The company was also listed first overall in the machinery industry.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.
Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.
The picturesque village of Tyndrum in Scotland's Grampian Highlands is bracing itself for what could be a surge of prospectors after it was revealed around £200 million of gold is located in local hills.
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.
Don't expect Europe's QE bazooka to lift gold prices much says new report.
European central bank's historic $1.3 billion stimulus package convulses markets and trigger new wave of safe haven buying of gold.
Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.
Vancouver gold miner forecasts minimum 80,000oz dip in output this year even as costs at mines in Greece, Turkey and China surge as much as 28%.
The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.
But it lost its gains right after two ECB officials said policy makers would propose purchasing 50 billion euros in assets per month through the end of 2016.
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.
Past policies of the Swiss National Bank towards gold backfired badly. But last week's fiat money fiasco could be the real game changer.
Expert interviews have confirmed that influence of oil-prices is only short-term and that for the vast majority there is still an excellent business case for PV at off-grid mines
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.
The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.
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.
The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
The move will see the miner taking control of the Borden Gold project in northern Ontario.
The Canadian company, the world's third-biggest uranium miner, expects the mine to reach full production of 18 million pounds per year in 2018.
Swiss central bank currency move sends shockwaves through financial markets and gold price to a more than 4-month high in heavy volume.
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