South Africa chamber of mines says half of members in the red
Group represents the country's largest mining companies, including AngloGold Ashanti, Sibanye Gold and Impala Platinum Holdings.
Cecilia Jamasmie , Editor-in-Chief
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Thailand to shut only active gold mine by end of May — report
Chatree remains in operations despite and order by the country's military regime last week to halt all gold mining and exploration activities.
Wildfire hitting Canada’s oil sands heart gets closer to major plants
Situation has forced some companies to abandon plans laid last week to restart production.
Billionaire Soros scoops up $264 million stake in world’s largest gold miner
Fund now owns a 1.7% stake in Canada's Barrick Gold.
Canadian oil sands camps evacuated as wildfire shifts north
Forest fires in Northern Alberta have forced additional evacuations at several major operations.
Rio Tinto forges ahead with Simandou, the world’s largest mining project
The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.
China’s ICBC buys giant London gold vault from Barclays
The deal, due to close in July, will make ICBC Standard the only Chinese bank to operate a vault in London.
Eldorado Gold to sell remaining assets in China to Yintai Resources for $600 million
The deal marks the end of Eldorado’s reign in China.
Mongolia to pay $70 million owed to Canada’s Khan Resources
Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.
Lucapa to invest $7 million upgrading Lulo diamond mine in Angola
The mine hosts type-2a diamonds which account for less than 1% of global supply.
Newmont eyes 5M-ounce boost from Lihir gold mine
Management noted progress in growth projects, including regulatory approvals for Red Chris, and Cadia resuming production.