Rio Tinto’s iron ore mine expansion gets environmental nod
Approval is subject to conditions, including the protection of national park water resources and endangered ghost bats.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
World’s largest hard rock lithium mine to get bigger
Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of the Greenbushes mine in Western Australia.
Coal miner TerraCom fires up A$63 million restructuring plan
The Australian miner aims to use funds to support growth ambitions.
Old boys’ club LME appoints first female chair in its history
Gay Huey Evans, one of the best-known women in European finance, will replace Brian Bender when he retires from the board in December.
Mining exploration in Mexico hits 12-year low
Foreign and local companies invested about $383 million exploring in Mexico in 2018, down 37.4% from the $612 million injected into the economy in 2017.
Australian junior Aurelia forgoes Glencore copper mine buy
The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.
Kinross mulls options to resume long-term operations in Chile
The Canadian miner may soon make a decision about returning to long-term production in Chile.
Barrick Gold to sell $1.5B in assets, but open to acquisitions
The goal is for the sale process to be well advanced by mid-2020.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
