Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill
Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.
Cecilia Jamasmie , Editor-in-Chief
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These four factors will boost gold demand in 2018 — WGC
Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.
De Beers readies technology aimed at eliminating ‘conflict diamonds’
Firm is developing open platform that traces diamonds from mine to buyer.
Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays
Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.
McEwen 2017 output fails to impress, but gold prices boost shares
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
Gem Diamonds shares on fire as miner finds 910-carat rock
Massive find is believed to be the fifth biggest gem-quality diamond ever found
Planetary Resources a step closer to mining asteroids with spacecraft launch
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
Alrosa buys stake in Angola’s largest diamond deposit for $70 million
Deal provides the diamond giant with access to a production base outside Russia.
Indonesia sets framework for Freeport to yield control of Grasberg mine
Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.
First Majestic expands Mexico footprint with $320M Primero Mining acquisition
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.
Zanaga Iron lines up $25M in deal with Red Arc
Binding term sheet offers staged funding, a path to majority control of the Zanaga project in DRC, and a 1% royalty.
