Codelco scraps plans for new mine at El Salvador division
Decision would reduce the total investment needed to $600 million from the whooping $3 billion it was originally estimated.
Cecilia Jamasmie , Editor-in-Chief
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Endeavour Mining begins construction of new African gold mine
The Hounde project, in Burkina Faso, is forecast to produce about 1.9 million ounces of gold over a 10-year mine life.
Panama Papers links Metso to alleged sales fraud
A Russian sales manager for Metso's automation division is said to have skimmed money off invoices and cycled the funds through several bank accounts and firms until they ended up in Panama.
Nunavut Impact Review Board objects new diamond project
Based on comparable widths and grades, Dunnedin Ventures' Kahuna project has similarities with DeBeers’ Snap Lake.
Malaysia extends bauxite mining ban until July to fight pollution
The issuing of export permits, however, will resume as soon as existing stockpiles shrink.
Antofagasta copper veteran Hernandez retires, Arriagada named new CEO
The appointment is effective immediately and Hernandez, who had been CEO since 2014, will remain as an adviser to the board.
Canada unveils final anti-corruption law for the extractive sector
Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.
Alberta shuts oil sands environmental monitoring agency
After report concluded the program was a “failed experiment.”
Workers at Freeport’s copper mine in Peru to down tools
About $22 billion worth of projects have been cancelled or delayed in Peru in recent years due mainly to anti-mining protests.
Illegal mining in Congo wiping out gorilla populations
Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.
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.
