Egyptian billionaire pays $492 million for La Mancha Resources
Naguib Sawiris,an Egyptian mobile phone entrepreneur, is paying $492 million for gold miner La Mancha Resources (TSE:LMA).
Latest Stories
Nationalization worries and Oppenheimers’ exit: MINING.com’s top stories last week
It is mid-July, the heart of the summer, but there was news to be had. Here are our readers favourite stories last […]
Copper tops $3.50 after ‘significant pick-up’ in Chinese investment
“We are looking for a small rebound in the third quarter and a bigger rebound in the fourth quarter.”
Ecuador to ‘make it easier’ for mining companies
Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.
Ousted Vale CEO back with a bang
Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an initial investment of $520 million.
South Africa’s top mining execs push for higher safety standards
South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the local mines.
Baja Mining only has enough money for Boleo project for two more weeks
The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.
Nobody can stop South Africa’s gold output collapse
South Africa's gold output continues to fall, dropping a further 2.9% in May. The last time the country's mines produced this little, the nation was still ruled by the Queen of England.
Anglo’s $3 billion copper mine in Peru is a go
Despite the recent deadly and divisive disputes over mining projects in Peru, London-based mining giant Anglo American got the green light from the regional government of Moquegua for its $3 billion Quellaveco copper mine.
