The UN’s human rights agency also said the companies did not take enough measures to prevent the disaster.
For nearly five centuries gemstones have been synonymous with wealth, power, luxury and royalty.
HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Small-scale miners are being forced out at gunpoint or extorted to work for the armed groups that are taking over their operations. These gangs later sell the gold in the U.S., a report reveals.
The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
Due to a mechanical issue detected at its jointly owned Dominican Republic-based mine.
A recent decision by Peru’s government to require mining companies to carry out prior consultation with indigenous communities is set to further complicate the investment climate.
ICL, a global manufacturer of products based on specialty minerals that fulfill essential needs of the world’s growing population in the agriculture, processed food and engineered materials markets, announced today that its ICL Fertilizers segment (“ICLF”) has launched its new fertilizer in Brazil -PolySulphate™.
Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Its project would sit on top of the Gramalote deposit, a joint venture between AngloGold Ashanti and B2Gold that could become one of the first modern commercial scale gold mines in Colombia.
The emeralds and rubies miner raised $19.2 million from its recent auction in Jaipur, India.
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
Its Damang mine in Ghana is struggling with current gold prices, the firm said.
The value of reserves at the world's largest mines drop after copper price takes another hit.
With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.
“The floor of this market is in the hands of the top five mining companies."
Until early November, the failure at the Canadian Mount Polley copper mine had been the worst such breach in recent years.
Mine waste has oozed 440 kilometres downstream and now covers two states.
As the posters and trailers won’t let you forget, The 33 is based on a true story, and the story itself is a good one.
Stock in Guatemala focused miner in double digit gain Friday as silver operations throw off cash and newly-acquired gold properties outperform.
Get Mining News and Alerts
sent to your inbox daily