Vale reconsiders selling $10 billion in core assets
Higher ore recovery and price realization may help Vale generate $2.2 billion next year in free cash flow, Chief Executive Officer Murilo Ferreira said.
Cecilia Jamasmie , Editor-in-Chief
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Gensource Potash, Essel Group to jointly develop small potash mine in Saskatchewan
The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.
Horizonte to raise $11.2M to fund Brazil’s next major nickel mine
Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.
Massive 3,000-year-old Celtic gold belt found in British farmer’s field
The torc is one of the largest and most spectacular ever discovered in England.
ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
CHARTS: Gold miners to hike investment in 2017
Project funding would be main priority, says Moody’s.
Alpha Natural execs. face fraud charges for failing to disclose $100M in liabilities
Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.
Anglo’s Los Bronces mine in Chile to remain shut until safe to resume work
Decision follows a fresh attack by hooded protesters who seized installations over the weekend.
Lucapa granted new five-year exploration licence for iconic Angola mine
The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
China risks wasting $490 billion on unneeded coal plants — study
Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.
Panama moves to unlock copper from First Quantum mine
Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama’s stockpiles.