The approval will include “the same rights and the same level of legal and fiscal certainty provided under its contract of work,” the company said without elaborating.
The total number of operating coal mines in the U.S. has hit its lowest point since at least 1923, one of the earliest year on record, according to the Energy Information Administration.
Argentina’s presidential election, the first to be decided in a second and final round since the constitution was changed in the 1990s, will be key for the country’s economy, particularly its mining sector.
It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.
Given that ousted minister Ramatlhodi is considered the main person that helped end a five-month strike in the country’s platinum sector last year, Zuma's decision is being questioned.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.
Mineral exploration requires venturing into some of the remotest, most contested and most vulnerable places in the world. Mitigating risk is a crucial aspect of operations for a mining company, to ensure that employees are adequately protected while conducting business abroad.
As mining companies in resource-rich Africa bleed jobs due to plunging commodity prices, the ripple effect of redundancies has raised concern about social unrest amid declining economic growth.
Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.
Chief executive Nelson Pizarro warned Codelco is ready to “cut costs to the bones,” and revealed the layoff process has already started.
The high rate of unemployment among the geoscientists responsible for Australia’s ongoing mineral wealth discoveries has led to an implored plea to the Federal Government to protect local jobs with a tightening of 457 Visa eligibility requirements for overseas geos.
Queenslanders are standing up for resource sector jobs through an online petition that has kick-started a campaign to close the legal loopholes that are tying up projects in red tape.
Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.
The PR campaign praising the “endless possibilities” of coal in providing “light and jobs” has triggered a massive reaction among social media users.
Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.
The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.
Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.
The Arizona-based mining company also said it is partially suspending operations at the complex until mid-September, as it cuts mining rates in half.
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
The former superstar of rare earths mining said it has decided to put the California facility on "care and maintenance" mode by Oct. 20 due to weak prices.
The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.
New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.
Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.
The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.
The company had said in June it lacked the inside edge to make owning the precious metal worthwhile.
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