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.
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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.
Diamond crisis deepens as De Beers reports plunging sales
RBC Capital Markets expects profit will fall by about 40% this year at De Beers.
Canada’s Fortune Minerals scales back mine on weak cobalt
The company says current weak prices for cobalt don't justify expanding daily throughput to 6,000 tonnes from 4,650 tonnes at its proposed Nico project.
Iamgold denies Rosebel mine halt, continues ramping up operations
Operations were suspended for security reasons in early August after an incident involving police left an artisanal miner dead and some equipment damaged.
Centamin’s CEO to leave after challenging year for the company
Andrew Pardey, who joined the company 12 years ago as general manager, will stay at the post for a year while the company looks for a new boss.
