At full tilt, New Gold's Rainy River mine is expected to produce about 325,000 ounces of gold annually, during its 14-year estimated mine life.
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The sale of the Suffield assets to to International Petroleum Corporation is expected to close before the end of the year.
Initiative is part of South Australia’s government strategy that aims to triple the state's copper production to one-million tonnes a year by 2030.
The miner warned further reductions could be in store at those operations, which employ 31,000 people.
The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.
He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.
Overall, as much as $750 million out of a total of $1 billion in capital expenditures is expected to be spent in Nebraska to establish the facility.
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.
Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it less attractive to operate.
The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.
Some issues still need to be resolved before the U.S. miner gets a new operating permit for its huge copper mine.
These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.
The country's ultimate objective is to have its own space mining agency by the end of the year.
Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.
It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.
The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.
The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.
Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.
Using PwC research, UK-based digital marketing agency Aira worked with RS Components to reveal how many jobs per sector are at high risk of being taken by robots by 2030. Mining ones are among them.
The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.
Measure is part of a restructuring aimed at “protecting the viability” of the company’s South African business over the long-term, AngloGold said.
The suit claims that host Oliver, the show's writers, HBO, and Time Warner executed "a meticulously planned attempt to assassinate" Murray's character and reputation.
The firm will be world’s largest potash miner and No.2 nitrogen fertilizer producer.
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.