MINING.COM

Tahoe Resources CEO says top priority is ending Guatemala mine dispute

The new chief executive of Tahoe Resources Inc said on Thursday that his top priority is ending a long-running dispute in Guatemala that has stopped all of the mining company’s silver production.

Reuters | August 2, 2018 | 11:45 am

South African gold producers make new wage offer to unions

South African gold producers say they have offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week.

Reuters | August 2, 2018 | 11:25 am

Gold miner Centamin’s core earnings beat expectations, shares rise

Gold miner Centamin Plc's quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production.

Reuters | August 2, 2018 | 11:01 am

Guatemala delays ruling on Tahoe’s Escobal mine reopening

Tahoe Resources posts quarterly loss on Guatemala mine dispute

The Nevada-based company posted a second-quarter loss of $15.6 million, or 5 cents per share, compared to a profit of $33.5 million, or 11 cents per share, in the year-ago period.

Reuters | August 1, 2018 | 4:08 pm

Canada’s Kinross Gold puts Mauritania mine expansion on hold

Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.

Reuters | August 1, 2018 | 3:29 pm

Barrick Gold makes China investor push as markets slump

Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters.

Reuters | August 1, 2018 | 2:58 pm

Randgold Resources’ Mali mine granted four-year, 50% tax concession

Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.

Reuters | August 1, 2018 | 11:21 am

EU regulators say Aurubis, Wieland copper deal may curb competition

EU antitrust regulators on Wednesday voiced concerns about German Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition.

Reuters | August 1, 2018 | 10:53 am

LME introduces 15% daily price limits for all metals

LME to trial electronic closing prices for nickel next year

The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.

Reuters | August 1, 2018 | 10:20 am

Chilean workers vote to strike at world’s biggest copper mine

Workers at BHP Billiton Ltd's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike.

Reuters | August 1, 2018 | 10:19 am

Rare blue diamonds may be Earth’s deepest secret

The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves. The geological history of blue diamonds is even more complex.

Reuters | August 1, 2018 | 5:23 am

Soaring Aluminum Drives Up Cost of Everything From Beer to Foil

Canadian craft brewers scramble for aluminum cans

Canadian microbreweries are facing a shortage of cans and higher costs, forcing some to cut beer production after the country imposed retaliatory import duties on U.S. aluminum imports in the busy summer season.

Reuters | July 31, 2018 | 2:53 pm

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