The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.
Europe Mining News
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.
The world's number five diversified miner posted its first annual net profit in five years.
Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.
While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.
BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.
The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.
Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.
The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.
The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.
A large but troubled nickel mine in Finland may be back on the road to profitability thanks to a recent deal that saw commodities trader Trafigura take a 15.5 percent stake.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.
Metso to support WWF Finland's work to protect Saimaa ringed seal and John Nurminen Foundation's Baltic Sea protection work
Metso has signed a sponsorship agreement with WWF Finland and the John Nurminen Foundation. Metso's support will be focused on the WWF's Saimaa ringed seal conservation work and on the John Nurminen Foundation's projects intended to improve the state of the Baltic Sea.
Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.
New report shows 2016 inflows into gold ETFs in the US in Europe increased to second highest on record, but all other sources of demand dropped sharply.
Metso Corporation's stock exchange release on February 3, 2017 at 8:30 EET
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.
Metso distributor in Ireland, McHale Plant Sales, has had their role on behalf of the Finnish crushing equipment manufacturer extended, little more than one year after they were first appointed distributors for the brand in Ireland.