The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.
South America Mining News
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.
The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.
World number five producer adding 600,000 annual tonnes in six years.
The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.
Strike could begin as early as Friday, but will likely be postponed for a five-day government mediation to attempt a resolution.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.
But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.
Moves is expected to help the copper giant cope with a recently passed law that forces it to give 10% of its revenues to the armed forces.
Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.
The new section of the Toquepala open-pit mine in southern Tacna, Peru, is expected to begin operations in early 2018.
The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.
The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Vale agrees to pit use for tailings.
Gold Reserve says initial $300m payment from Venezuela government under $770m copper-gold project seizure settlement "expected in the next few days."
The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.
The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.
The project, discovered in 2006, is one of the world’s biggest recent gold findings, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver.
BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
The gold producer said the region will play an increasingly important role in its growth strategy.