The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
Kinross Gold Mining News
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.
Kinross Gold to pay $950,000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials.
The National Mining Association (NMA) has recognized Kinross Gold Corporation for receiving independent certification under its CORESafety® system.
Dore bars fell from the sky.
Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.
A report released today documents human rights abuse tied to a Canadian mine in Brazil, a project operated by a subsidiary of Kinross Gold.
Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.
They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.
Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.
Projects aim at boosting output and lowering costs.
Kinross Gold (TSX:K,NYSE:KGC) has unloaded five of its properties in the Yukon White Gold District to newly formed company White Gold Corp (TSXV:WGO) in a cash and share deal worth around C$60 million.
Despite producing less gold, Kinross Gold (TSX:K) made more revenue in the first quarter and is proceeding with an aggressive plan that will slash costs and increase production at its Tasiast gold mine in Mauritania.
Gold price under pressure.
Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.
The world’s No. 1 and No. 3 gold producers will focus on developing gold mines in northern Chile's rich Maricunga belt.
The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.
As 2017 gold price rally begins to look shaky, top listed gold producers are being punished disproportionately.