July 13, 2014

South African metal workers ‘to escalate’ strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

July 13, 2014

Barrick Gold gets partner to mine for copper in Saudi Arabia

The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.

July 11, 2014

Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

The transaction would be worth over $2 billion.

July 11, 2014

Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

July 10, 2014

Gold and silver shining bright—hit three-month highs

Platinum and palladium were also dragged higher by gold.

July 10, 2014

First Quantum resumes construction at Cobre Panama, hunts for new deals

The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.

July 9, 2014

Mongolia blames Rio Tinto for delays at Oyu Tolgoi

The move aims to shift blame for delays away from the government.

July 9, 2014

There’s something happening here

The leading edge is starting to arrive.

July 8, 2014

Job cuts coming to Antofagasta’s freshly combined copper operations

The copper miner controlled by Chile’s billionaire Luksic family, will cut jobs and costs through its new company Minera Centinela.

July 8, 2014

Chile’s Codelco to produce over 300 tons of silver this year

The company, already the world’s largest copper miner, wants to become one of the top silver producers too.