Peruvian police burns down entire illegal gold mine town
The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.
Cecilia Jamasmie , Editor-in-Chief
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Wage negotiations in S. Africa’s gold sector to end next week
South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.
Survival of the fittest — what to expect for rare earth miners outside China
While analyst predict a rebound in hard-hit rare earth prices later this year, it is still unclear whether companies outside China, the world’s largest producer, will be able to challenge its dominance.
Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec
The proposed open-pit surface and underground spodumene mine will produce lithium, highly used in the manufacturing of batteries for cell phones and electric cars.
Goldcorp slashes dividend 60% amid dire gold market
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
Codelco resumes operations at Chuquicamata amid fresh road blockages
A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.
About 30,000 fresh job cuts, more mine closures expected in Australia
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
Gold to dip below $1,000 by end of the year – report
Gold is doomed. That seems to be the message being deliverd by several analysts who predict prices for the metal will hit fresh historic lows by the end of 2015.
Antofagasta cuts copper output forecast for the year
This is the second time this year that the London-listed miner slashes its annual copper production guidance.
Diver finds $1 million in 300-year-old gold coins off Florida coast
A member of a Florida family hit the jackpot when he found $1 million-worth of gold artifacts, including a royal coin from the Spanish king, recovered from a ship that sank off the Florida coast 300 years ago.
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.
