Some crew will be assigned to care and maintenance.
Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.
Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.
Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
Article implies that the company engaged in illicit practices to obtain the necessary permits for its Platreef mine in South Africa.
The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.
Zinc prices will continue to gain in 2015, but all bets are off if a not unlikely stockpile shock panics buyers.
Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.
“Base metals were a ‘bright’ spot in 2014—largely ignored by equity markets and are among our ‘picks’ for investors in 2015,” observed Scotiabank economist Patricia Mohr in the latest edition of the Scotiabank Commodity Price Index published Thursday.
Vancouver-based junior jumps 8.5% after hitting targets for re-start of 100%-owned Caribou zinc-lead-copper-silver-gold mine in New Brunswick, Canada.
Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.
Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
Unionized workers at Antamina downed tools at midnight Wednesday.
The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
Locals were protesting the imminent construction of Platreef platinum mine.
The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
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