The touted expansion of the world's largest underground copper mine is two to three years behind schedule and will require $2 billion more than initially planned, said the company.
The Panama Diamond Exchange and CIBJO, the World Jewellery Confederation, have agreed to join forces in providing educational programs for the gemstone and jewelry sectors in Latin America, instilling the principles of Corporate Social Responsibility.
The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve potentially worth billions.
Benchmark iron ore price drops to fresh five-and-a-half-year low after November Chinese imports fall for the first time since 1998.
As part of the agreement, Paramount will spin off its non-Mexican assets into a standalone publicly listed company— Paramount Nevada Gold Corp.
Credit Suisse downgrades world's number on gold miner citing risks posed by $13 billion debt and permitting, tax challenges.
The Vancouver-based miner said it did not receive the funds wired to pay the tax for "unknown reasons."
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
The Panama Gem & Jewelry Center is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America.
Well, they built it, so they were entitled to do whatever they wanted with the new Guinness World Record holder for the highest sand-made fort.
Unionized workers at Antamina downed tools at midnight Wednesday.
Disgraced Brazilian tycoon once held 90% of power utility worth $3.2 billion just three years ago.
President Otto Perez Molina has approved a new rule passed by the Congress last week, which rises taxes to transnational miners operating in the country from 1% to 10%.
Largo Resources Ltd. ("Largo" or the "Company") is pleased to announce that it has commenced a pre-feasibility study ("the Pre-Feasibility Study" or "the Report") on the potential to produce salable platinum concentrates at its Maracas Menchen Mine in Bahia, Brazil.
The miner has set out changes to the chairman's role and, as part of its on-going cost cutting program, is further cutting board pay.
The miner became the latest company to spin off non-core, underperforming assets.
A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.
Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.
Miner's belt tightening continues.
The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.
Benchmark 62% fines up 3% and premiums for high quality lump ore jump to 11-month high.
The least corrupt country was Denmark.
Miner may try replicate partnership with other of its stalled projects, such as Pascua Lama in South America.
Colombia’s national government on Monday promised to act against illegal mining in the southwestern Cauca state after about 100 women had marched to Bogota and locals internationally denounced death threats.
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