Mineral IRL reopens Peru gold mine after reaching deal with locals
Latin America-focused precious metals miner extended a social contract with locals until 2018.
Cecilia Jamasmie , Editor-in-Chief
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Half of South Africa’s gold mines operating at loss — report
Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.
Canada’s Capstone puts Chile copper project in back burner
The Vancouver-based miner blamed low commodity prices for the measure.
Anglo sells platinum mines in S. Africa to Sibanye for $330m
The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.
Done deal? Amplats said to have sold platinum mines to Sibanye for $100M
The companies are expected to make an official announcement on Wednesday.
Lucara Diamond to host second stone tender in November
Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.
SA platinum cuts to hurt global output over next two years
Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.
Canadian regulator lets Nexen reopen 40 utility pipelines at Long Lake
The remaining 55 pipelines affected by a suspension order must stay closed until the company can demonstrate they're safe.
Campaign to save Australia’s coal sector heavily mocked in social media
The PR campaign praising the “endless possibilities” of coal in providing “light and jobs” has triggered a massive reaction among social media users.
Minera IRL halts gold operation in Peru as protesters take over site
Around 100 locals invaded the site over the weekend, occupying a number of installations, and forcing the company to suspend all operations.
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.