Gem Diamonds mining lease for Letšeng renewed for 10 years
Royalty payable for the diamonds sold was increased to 10% from 8%.
Latest Stories
Golden Point drilling delivers new high grade for OceanaGold
OceanaGold has drilled 77 holes totalling 19,567 metres at Golden Point, part of the Round Hill project at Macraes, this year.
Premier Gold Mines updates resources for Hardrock deposit
Total measured and indicated resources at Hardrock are 147.5 million tonnes grading 1.50 g/t gold and containing 7.1 million oz.
Lower for longer copper price puts squeeze on marginal miners
A new report shows 10% of global copper miners are in loss making territory amid falling price and higher costs.
Russia’s Mechel to buy stake in Elga coal project for $461m
Mechel is expected to pay for the stake within the next four months.
Chile’s Antofagasta seeks to stave off strike at small Antucoya copper mine
Government-mediated negotiations follow the union's decision to reject Antofagasta Plc's final contract offer, raising the specter of a strike.
Higher iron ore imports by India loom as mining leases expire
The drumbeat of voices forecasting India could rely more on global markets for iron ore next year is getting louder.
Torex Gold sets new quarterly production record, stock up
The company recorded Q3 2019 gold production of 138,100 ounces, surpassing the prior quarterly production record by 21%.
Brazil’s government to present bill allowing mining on indigenous reserves
The bill will also look to legalize more small-scale, independent wildcat mines.
