Ghana grants Gold Fields tax rate cut as firm mulls Damang mine faith
The firm has not yet decided whether to inject more cash into Damang or suspend operations.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Pershing Gold raises $6 million to advance Nevada mine
The funds will be used to advance the Relief Canyon gold project.
Gold-buying spree makes of Russia the world’s largest consumer
The country's central bank added 356,000 ounces of the precious metals to its reserves in February.
China’s Zijin Mining profit in 2015 hit by gold, base metal prices slump
Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.
This country just ended its coal power production
Scotland has stopped generating electricity from coal for the first time in more than 100 years.
Barrick Gold chairman John Thornton takes a 76% pay cut
He will receive $3.4 million for his work in 2015, including compensations and pension, a significant reduction from the almost $13 million he pocketed in 2014.
ArcelorMittal is selling LaPlace and Vinton steel plants in US
The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.
World’s No.1 copper miner Codelco posts historic loss of $1.4bn in 2015
For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.
US judge rules Barrick Gold must face group lawsuit over Pascua-Lama mine
Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.
Petra Diamonds just sold this ‘exceptional pink’ gem for $15m
The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.
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.
