Steinmetz sentence opens new front in war on mining corruption

Mining billionaire Steinmetz faces trial in Geneva over alleged bribery in Guinea

Swiss prosecutors allege Steinmetz paid $10 million in 2005-2010 to obtain mining rights over the vast Simandou iron ore project.

Cecilia Jamasmie | August 13, 2019 | 9:46 am

Nautilus setting JV to secure support vessels for Solwara 1 project

Nautilus Minerals’ plans to mine the seafloor sink deeper

Creditors have voted in favour of liquidating the company.

Cecilia Jamasmie | August 13, 2019 | 3:54 am

EV sector will need 250% more copper by 2030 just for charging stations

Scottish consultancy Wood Mackenzie estimates that there will be more than 20 million EV charging points by then.

Cecilia Jamasmie | August 12, 2019 | 10:03 am

Sandvik CEO leaves company to lead Swiss ABB’s overhaul

The executive will take the helm in March after more than four years with Sandvik.

Cecilia Jamasmie | August 12, 2019 | 3:53 am

Chile's Codelco to boost production at El Teniente copper mine

World’s No. 1 copper miner gets $300m from Canada

The loan by Export Development Canada will help Codelco finance an ambitious overhaul of its aging mines.

Cecilia Jamasmie | August 9, 2019 | 8:43 am

Armenia to announce decision on Lydian’s gold project next week

This is the third audit on Amulsar, which has been halted by protests for over a year.

Cecilia Jamasmie | August 9, 2019 | 5:45 am

Danakali about to secure financing for potash project in Eritrea

Danakali secures financing for power plant at vast potash project in Eritrea

The Colluli potash mine has been deemed “a game changer” for Eritrea’s economy.

Cecilia Jamasmie | August 8, 2019 | 10:29 am

S. Africa’s Mponeng gold mine could hold key to surviving in space

AngloGold says strong metal prices not helping planned assets sale

The gold producer is selling mines in Argentina, Mali and South Africa to ensure greater management focus and higher returns.

Cecilia Jamasmie | August 8, 2019 | 7:15 am

Albemarle to shutter two lithium facilities in the US

Albemarle puts brakes on growing plans amid lithium market weakness

The world’s No. 1 lithium producer is delaying plans to add about 125,000 tonnes of processing capacity.

Cecilia Jamasmie | August 8, 2019 | 4:35 am

Centerra says 40 metres of water at Kumtor pit threats workers, environment

Centerra Gold, Kyrgyz Republic close to leaving differences behind

The parties have completed all conditions included in a deal signed in Sept. 2017 ending long-dragged out environmental and economic disputes over the Kumtor gold mine.

Cecilia Jamasmie | August 7, 2019 | 9:15 am

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