Nat Rothschild ends five-year row by selling stake in Asia Coal Energy Ventures
The deal values the Indonesia-focused coal miner at more than $200 million.
Cecilia Jamasmie , Editor-in-Chief
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Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan
The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.
G7 agrees to phase out fossil fuels by end of the century
U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.
Low metals prices force Canadian First Nickel to idle Ontario mine
The company said the mine will either be put on "care and maintenance" for a possible restart or closed.
Churchill Mining, Indonesia in talks to solve alleged fraud in coal project licencing
The news comes after Indonesia’s last week decision to drop allegations that the miner had defrauded the state when buying the East Kalimantan coal project.
Trouble brewing in South Africa’s gold mining sector
The country's radical Association of Mineworkers and Construction Union (Amcu) said it would begin a wildcat strike in the sector if its rival union and companies extend wage deal to its members.
Newmont sells New Zealand mine to OceanaGold for $101 million
The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.
Mining investments in Chile to reach $64 billion by 2025 — report
According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.
Pacific Potash risks mining rights in Brazil over $2.1 million tax debt
This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.
Southern Copper mulls extending Tia Maria project halt
The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.
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.
