The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.
Gold Mining News
Starting on Friday, workers did not go work in protest for the firing of six leaders of the Association of Mineworkers and Construction Union.
New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.
The latest violent episode and temporary closure had no impact on production at the world’s second-biggest copper mine.
MINING.com talks to Sean Roosen, Chair and CEO of Osisko Gold Royalties about the future of the company and the gold royalty and streaming sector.
Friday on the Comex in New York, almost 40,000 contracts traded in a span of 10 minutes. That triggered a sell-off, sending prices down as much as 1 percent.
"Wedding season has started, but demand is poor compared to last year," said Ketan Shroff, managing director of Mumbai-based bullion dealer Penta Gold.
Prospect and project generators are often overlooked by speculators in the natural resource space, Brent Cook says in Proven and Probable interview.
Indonesia's military said on Friday it was prepared to take tough measures against rebels who have threatened to "destroy" mining operations of Freeport-McMoRan Inc in the eastern province of Papua in their struggle for independence.
The mining giant will add those jobs during the next 12 months.
After a severe selloff, precious metals have enjoyed a bit of a respite.
Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 7 percent to $475m while total revenue grew 5 percent to $744m.
Construction is ramping up rapidly at this Yukon mine that one analyst calls a "strategic asset."
"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.
The three-year wage agreement was signed by all three unions, the company said.
Armed separatists have occupied five villages in Indonesia’s Papua province, threatening to disrupt Freeport-McMoRan Inc’s giant Grasberg copper mine, which has already been hit this year by labor unrest and a dispute over operating rights.
Miner said it would the project back into "care and maintenance" and re-assess its investment in it upon approval and receipt of required permits.
Even as gold mine production hits new record so far in 2017 according to new report.
Canadian gold miner expects 2017 production at higher end of guidance range.
A longstanding curiosity in the investment business has been the disinterest in precious metals among institutional investors.
Fatal accidents last week raised number of fatalities in 2017 to 76, above the 73 reported in 2016, South Africa’s Chamber of Mines said in a statement.
Company will commence trading on the OTCQB under the symbol “MGMLF” on November 9, 2017.
Move follows the reception of key permit — the signed Record of Decision (ROD) on the Final Environmental Impact Statement (EIS) for the project.
The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.
The company expects to increase its own annual gold production from 146,000 equivalent ounces in 2016 to 223,000 by 2020 from its four mines