Kloppers to walk out of BHP with $75 million in his pocket
If paid, the exit package will put Kloppers in the league of Macquarie Bank’s former CEO, Allan Moss, who got $80 million.
Cecilia Jamasmie , Editor-in-Chief
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California braces for black gold rush
Companies trying to secure a price on the 15.4 billion barrels of crude oil underneath the Monterey Shale.
Centerra faces $315 million in fines for new claims of environmental damage in Kyrgyzstan
Kyrgyzstan has given Centerra Gold three months to redraw terms before ripping up an agreement to run its flagship Kumtor mine.
Reliance on oil sands may hurt Canada’s economy: report
Canada is heading towards a "staples trap," whereby the more quickly bitumen is exported, the less diversified and productive the economy becomes, warns a study.
Former rare earth miner executive arrested, suspected of money laundering
South African police have arrested a former project director for Canadian rare earths-focussed Great Western Minerals Group’s (GWMG) on suspicion of fraud and money laundering.
Diamonds fog Zimbabwe reforms: NGO
Global Witness said there are gaps in European Union sanctions on Zimbabwe that may allow diamond revenue to continue funding the military.
Yamana Gold outshines most precious metal producers, reports record earnings
The precious metal producer posted higher quarterly profit and revenue compared with a year ago and said it expects to see at least a 20% increase in output for 2013.
Centerra Gold posts loss, Kyrgyzstan’s parliament exerts more pressure
The gold miner logged a net loss of $68 million or $0.29 per share in Q4 2012, compared to net earnings of $79.4 million or $0.34 per common share for the same period in 2011.
Zambia revokes license for Chinese-owned coal mine
The measure comes in response to violations of safety and environmental laws and a failure to pay mineral royalties.
Amplats lost almost 4,000 ounces of platinum production in one day due to strike
Workers returned to work Wednesday morning after a one-day strike, but company lost 3,886 ounces of platinum production.
Ecuador eyes 2026 tender for $3B Llurimagua copper project
Ecuador plans a 2026 tender for Llurimagua as copper M&A accelerates and past JV disputes shape the project’s next phase.
