About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.
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Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.
Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
The world’s No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.
The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.
State has approved controversial project but insisted on alternative route, could add further complications.
The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.
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.
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.
South African gold miner said it’s on track to meet 2017 guidance.
Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.
Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.
The two employees were fatally injured as a result of contact between a haul truck and a van at the mine. Other eight individuals involved in the incident were taken to hospital with minor injuries and were subsequently released.
Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.
Although there have been small gains in coal output and hiring this year, driven by foreign demand, production levels remain near lows hit in 1978.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
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.
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.