Codelco adds 30 years to Andina copper mine

The $1.4bn Andina Transfer project turned the underground operation into an open pit mine located 3,500 metres above sea level, which holds 30% of Chile’s copper reserves.

Cecilia Jamasmie | January 20, 2022 | 6:57 am

Giant black diamond said to come from space could fetch $6.8 million

The 555.55-carat gem, dubbed "The Enigma," is the largest faceted fancy black diamond to ever be sold at an auction.

Cecilia Jamasmie | January 20, 2022 | 3:43 am

Newcrest closes in on Pretium as shareholders vote looms

The $2.8 billion acquisition is likely to be approved on Thursday, boosting the Australian miner's presence in the Americas.

Cecilia Jamasmie | January 19, 2022 | 7:15 am

Antofagasta says Chile water shortage to hit 2022 production

The company, which saw 2021 copper production drop by 1.7% to 721,500 tonnes, anticipates churning out 660,000 to 690,000 tonnes this year.

Cecilia Jamasmie | January 19, 2022 | 3:58 am

AngloGold closer to production in Nevada with Corvus takeover

The miner expects to produce its first gold from the Beatty district in Nevada, where it added several assets, over the next three years.

Cecilia Jamasmie | January 18, 2022 | 6:40 am

First Quantum agrees to pay $375m a year in royalties to Panama

First Quantum to pay $375m a year in royalties to Panama

The Canadian miner has reached a deal with the country's government to increase royalty payments from its flagship Cobre Panama copper mine.

Cecilia Jamasmie | January 18, 2022 | 3:53 am

De Beers makes diamond buyers cough up with fresh price rise

De Beers makes diamond buyers cough up cash with fresh price rise

The world's largest diamond miner by value is said to have hiked prices by about 8% for big stones and 20% for small ones at the latest sale.

Cecilia Jamasmie | January 17, 2022 | 6:39 am

BHP to introduce electric trains at Pilbara mines

The four locomotives, scheduled for delivery in late 2023, will be supplied by Progress Rail, a unit of Caterpillar, and Wabtec Corp.

Cecilia Jamasmie | January 17, 2022 | 3:55 am

Sibanye-Stillwater faces strike at South Africa gold mines

Unions have been cleared to give the company notice of a strike following failed wage talks for gold mine workers.

Cecilia Jamasmie | January 14, 2022 | 3:40 am

Argentina seeks $10 billion in mining exports by 2030

Gov't expects $25bn in investments related to 34 projects currently in advanced exploration, as the deadline to restructure billions in debt to the IMF looms.

Cecilia Jamasmie | January 13, 2022 | 3:53 am