World’s top coal producer to close 37 mines
Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).
Cecilia Jamasmie , Editor-in-Chief
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Goldcorp sells Camino Rojo gold-silver project in Mexico to Orla Mining
The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.
Western Australia bans uranium mining, but existing projects safe
Toro Energy's Wiluna project, Vimy Resources' Mulga Rock project, as well as Cameco's Kintyre and Yeelirrie projects allowed to go on.
Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
Yancoal trumps Glencore bid for Rio Tinto’s coal mines
The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
Rio Tinto in search of next Oyu Tolgoi in Mongolia
Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.
Cenovus CEO to retire as company sells up to $5bn in non-core assets
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
China’s Fosun sweetens offer for Gemfields
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
Japan’s Sumitomo Metal becomes IAMGOLD partner in Canadian project
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
Alrosa finds 62.75-carat diamond at prolific Jubilee pipe
The miner's Jubilee pipe is famous for its large finds.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.