July 17, 2014 Indonesia to revoke Newmont license unless resumes output, lifts lawsuit Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."
July 16, 2014 Barrick Gold ousts CEO Sokalsky in major shakeup The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its…
July 16, 2014 Pilbara expansion boosts Rio Tinto iron ore output The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.
July 13, 2014 BHP sell-off could undo Billiton historic deal As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.
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 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 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.
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