Gold Fields sells majority stake in Peruvian project to Buenaventura
The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Aussie mining tycoon Palmer’s aversion to China just went a bit too far
Clive Palmer has come under fire for labelling the Chinese government “mongrels” and “bastards” on national television.
Palladium skyrockets on Russia tensions, hits 13-year high
It hit $900 a troy ounce for the first time since 2001.
Ivanhoe picks banks to evaluate African copper projects
The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.
Demerged BHP may not hold on to coal assets for long: analysts
The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.
US firm claims Australia’s biggest oil find in 30 years
Apache Corp. says the discovery may herald a new oil “province” for Australia.
Rio Tinto weighs stake in closed Papua New Guinea copper mine
The miner is reviewing all options on its 53.83% stake in Bougainville Copper, the operator of its Paguna mine, which has a potential gold and copper resource worth over $60 billion.
New rare earth mine coming to Western Australia
The proposed mine straddles the West Australian and Northern Territory border on the Browns Range Dome and is expected to produce 279,000 kg of dysprosium a year over its 10-year mine life.
Chinese rare earth alliance sues Hitachi Metals over patents
Hitachi holds over 600 neodymium iron boron magnet patents, but has authorized only eight Chinese companies to use them in a total of 149 patents.
This pink diamond may become one of the most valuable gems ever sold
The diamond is expected to fetch between $12.8 million and $15.4 million at auction on October 7.
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.
