May 30, 2014

Mongolia mining reforms seek $1bn in coal, shale investments

The revisions to the country's mining law would increase the area available to exploration to 20%t from around 8%.

May 30, 2014

Output at No.1 global copper producer slips slightly in first quarter

While output drop was minimal, Codelco's profit dived 38% as a result of lower metal prices.

May 29, 2014

Chinese copper asset buyers are out again

Driven by China's seemingly insatiable demand for concentrates as more smelter capacity comes on-line and refined copper imports diminish, the need for foreign sourcing of copper raw materials is increasing.

May 29, 2014

De Beers plans for Snap Lake mine challenged by locals

The firm wants to change its water licence to double the current chloride limit pumped into nearby lake.

May 29, 2014

Major new coal projects unlikely to be profitable: Goldman Sachs

The bank analysts say the window for profitable investment in new thermal coal mining and infrastructure capacity “has closed.”

May 28, 2014

Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.

May 28, 2014

Barrick putting Pascua Lama back on track

World's top gold miner reaches an initial agreement with Chile’s Diaguita community, the indigenous group that first blocked the $8.5 billion project.

May 27, 2014

Barrick Gold Class Action – Robertson Stromberg LLP Files Statement of Claim Against Barrick Gold and Other Defendants

The detailed claim alleges there were misrepresentations in Barrick's public disclosure relating to Barrick's development of the Pascua-Lama mine located on the border between Chile and Argentina.

May 26, 2014

Game-changing $20 billion African iron ore deal signed

Cost of building Infrastructure to support 100mt of ore related to Rio Tinto's giant Simandou iron ore mine in Guinea alone estimated at over $13 billion.

May 26, 2014

Rio Tinto to launch virtual tour of its Canadian Diavik diamond mine

The virtual reality headset will debut at the JCK Luxury Show in Las Vegas.