US authorities strip Twin Metals of mineral leases in Minnesota
Two federal agencies said the mineral leases for Twin Metals, a subsidiary of Antofagasta plc, will not be renewed.
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Ecuador signs key deal with Lundin on Fruta del Norte gold mine
The project, discovered in 2006, is one of the world’s biggest recent gold findings, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver.
Output from informal gold miners in Mali almost same than local producers
According to the country's chamber of mines, more than a million artisanal miners currently work at about 350 sites, producing between 10 and 15 tonnes of gold a year.
Rough diamond prices higher in 2016 as production cuts and restocking flip supply/demand
In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.
Zinc producer Nyrstar sells some mining assets to Glencore for $26m
The transactions are part of a broad mining assets sale process formally launched in January this year.
Statoil getting out of oil sands, takes $500 million loss
Statoil ASA, (NYSE:STO) the Norwegian-owned oil and gas major, does not believe it has a future in the Canadian oil sands.
Fed rate hike whacks gold
The long-anticipated interest rate increase by the U.S. Federal Reserve has had the predicted impact on gold.
Oyu Tolgoi resumes copper shipments to China
Move follows extensive talks with Chinese and Mongolian authorities.
Nickel key to unveiling mystery of dinosaurs extinction
A nickel spike found in sediments above the spot where a giant asteroid hit the Earth some 66 million years ago, may help scientists trace segments of the celestial body that wiped out dinosaurs and 75% of all organisms on the planet.
