Chile rejects divisive $2.5 billion Dominga copper-iron ore project
A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.
Cecilia Jamasmie , Editor-in-Chief
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More than 200 workers to go at Sandvik Materials Technology unit
Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.
Changes to Brazil mining law to bring mostly higher taxes, costs — experts
Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.
Metso searches for top execs, as it splits minerals services business
The division will be divided into two separate units beginning 2018 — Minerals Services and Minerals Consumables.
Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero
Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.
Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
BHP commits $2.5bn to extend life of Spence copper mine in Chile
Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.
Gold rush in Nicaragua — production doubles in little over 10 years
Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.
Zinc prices hit decade-high on shrinking Chinese stockpiles
Metal traded above $3,000 per tonne on the LME for the first time since November 2007.
US researchers find unexpected new source of much-needed lithium
Lithium needed for rechargeable batteries used in high tech devices and electric cars might soon be extracted from calderas surrounding dormant supervolcanoes.
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.
