Brazil grants operating license to Vale’s massive S11D iron ore mine
Mine is set to start operations by the end of the year, with first shipment set for January 2017.
Cecilia Jamasmie , Editor-in-Chief
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Centerra scraps dividends, gets Turkish project financing facility extended
Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.
Iron ore soars past $80 a tonne
The steelmaking raw material is up 85% this year, or more than double its December 2015 price.
Sibanye Gold expands platinum assets by buying Stillwater in $2.2bn deal
Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.
Fresh shake-up at Rio Tinto in aftermath of bribery probe
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
MMG’s Las Bambas copper mine forced to file new environmental plan
The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
Cenovus resuming Christina Lake oil sands expansion, boosts capex
Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.
Anglo American about to make key decision on South African assets sale
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Capital allocation: Canadian miners’ top priority for 2017
With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.
Global rough diamond production about to reach its peak
Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.
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.
