May 26, 2015

Chile’s Codelco sues Vale, Brazilian Department of Mines over exploration license

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the…

May 26, 2015

Fortescue shares skyrocket on Chinese investment rumours

The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.

May 26, 2015

China’s Zijin inks deals with two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the…

May 26, 2015

Barrick sells 50% in Papua New Guinea unit to China’s Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

May 25, 2015

Barrick sells Cowal mine to Evolution Mining for $550 million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

May 22, 2015

Zijin Mining, Gold Fields among final bidders for Barrick’s Australian gold mine

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South…

May 21, 2015

Chile strikes BHP Billiton copper project off development timeline

The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline…

May 21, 2015

Australia ditches iron ore probe after lobby, China-Brazil supply deal

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.

May 20, 2015

BHP to pay $25 million in 2008 Beijing Olympics bribery probe

The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.

May 19, 2015

Iron ore is not in oversupply

Only lower grade fines are oversupplied shows new research report.