While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,
CEO Mark Bristow said the current squeeze on the gold sector has created growth opportunities.
The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.
It is predicted that northern Europe will soon host more mining projects.
Gold price jumps nearly 2% as Egypt gets involved in Yemen conflict, but resurgent dollar cuts into gains in New York trading.
The firm said poor coal prices meant it would not make sense to extend the life of the mine.
Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.
Diamond giant De Beers recently predicted a demand increase this year but that didn't prevent the latest major diamond sale in Antwerp from failing to sell all the stones on offer.
It took a world-renowned master chocolatier, cocoa from Tanzania, two solitaire diamonds and some gold to create this extravagant and expensive chocolate Easter bunny.
The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.
The following charts clearly demonstrate gold’s fantastic price appreciation during the past 14 years.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
In the closing months of 2014, Germany faced a difficult dilemma.
China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan.
The company experienced a annual drop in the resource industries segment sales in every geographic region except Asia/Pacific.
The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.
Thursday will be the last time traders at four banks agree by phone twice-daily prices for bullion.
In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.
Sweden's Dannemora stop production over liquidity problems.
The London Gold Fixing, the twice daily gold pricing mechanism at which the bulk of physical gold transactions take place is changing dramatically.
According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.
Former Anglo-exec running hedge fund's mining business wants to follow up Talvivaara nickel acquisition with zinc, nickel, copper and coking coal deals.
The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at an auction.
This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.
Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.
Belgian authorities are hoping they have made a major breakthrough in solving a heist of diamonds and gems worth some 40 million euros ($42 million) at Brussels' international airport two years ago.
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