Jobs Mining News

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Adani's giant Australian coal mine takes hit as rail plan axed

A funding proposal for a rail line that could carry its coal to the coast for export has been canned.

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

Sibanye-Stillwater $108 million-move on DRDGold OK'd

South African competition authorities have approved the exchange of selected Sibanye-Stillwater's assets for a 38% stake in DRDGOLD Ltd.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Sibanye-Stillwater trapped miners brought to surface safely

The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.

More than 900 Sibanye miners trapped underground, not in danger

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Rio Tinto bets big on Mongolia, opens local office

The new unit, under Mongolian leadership, will focus on exploration and local ties.

Ex-Massey Energy CEO and ex-con Blankenship running for US Senate

Blankenship kicked off his campaign Thursday night with a town hall meeting for voters in which he vowed to support President Donald Trump’s pro-coal stance with actions.

TransCanada gets enough commercial support to go ahead with Keystone XL

Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.

Force Majeure at Oyu Tolgoi mine due to border protests

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

Planetary Resources a step closer to mining asteroids with spacecraft launch

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

Chile’s Codelco hiring for underground expansion of Chuquicamata

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.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.

AngloGold gets going on $36 million expansion of Western Australia mine

Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

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.

Sibanye-Stillwater soars on surprise $93 million-move on DRDGold

The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

Nebraska OK's Keystone XL Pipeline, but more obstacles in the horizon

State has approved controversial project but insisted on alternative route, could add further complications.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Indonesia warns of tough response after Papuan rebels threaten Freeport

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.