Aussie miners press new Prime Minister for reforms
The Minerals Council of Australia asked Turnbull to use his advocacy skills and economic know-how to help the struggling mining sector.
Cecilia Jamasmie , Editor-in-Chief
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Randgold, AngloGold Ashanti join forces to revamp Ghana mine
Under the agreement with AngloGold, Randgold will lead and fund a development plan to rebuild the Obuasi gold mine in Ghana.
Former Anglo CEO Cynthia Carroll is back, joins Vedanta’s unit board
Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.
Glencore to reduce debt after getting $2.5 billion in shares sale
The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.
KGHM applies for environmental permit for proposed gold, copper mine in Canada
GHM estimates the project will employ about 500 people and contribute up to $550 million dollars in federal and provincial taxes, $210 million in British Columbia Mining Act tax, and $110 million in municipal taxes.
Ex-Centerra Gold CEO remains arrested in Bulgaria as extradition hearing postponed
Bulgarian police arrested Len Homeniuk in July on an Interpol warrant over alleged corrupted deals in Kyrgyzstan.
Paragon Diamonds shines bright on better-than-expected results for Mothae
Shares in the Africa-focused diamond miner climbed almost 6% after it revealed the Mothae kimberlite project in Lesotho may be more profitable than previously assumed.
Crucial week for Dominion Diamond’s Ekati mine
The company hopes to begin mining from the Jay pit before Ekati's existing reserves run out in 2020, and so avoid laying off workers.
Zambia orders Vedanta unit to get rid of Chilean copper
The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.
US coal industry’s cost cuts not enough to offset weak prices
Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.