Yamana begins gold and silver production at Cerro Moro mine in Argentina
Commercial production is expected in the second quarter of the year.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
BHP faces shareholder class action over Brazil mine disaster
Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.
Historic blue diamond auction exceeds expectations — sold for $6.7 million
The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.
Rio Tinto says climbing costs, resource nationalism once again big threats
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
Mountain Province hires former De Beers financial chief as president and CEO
Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.
Lonmin tanks as UK competition watchdog looks into Sibanye takeover
By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of the South African Reserve Bank (SARB).
Canadian explorer looking to restart Europe’s last tin mine to list in London
Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.
IDM Mining expects environmental permits for Red Mountain by Sept.
The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.
Barrick signs 10-year gas supply deal to make Dominican mine greener
Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.
Chile’s Caserones copper mine a pain in the neck for Japanese owners
The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.
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.
