The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.
The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company after South Africa’s Mineral Resources Minister approved the acquisition by Anglo American.
Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.
The Globe and Mail looks at the mystery of a plane chartered by Barrick Gold that crashed into the Iskut River in 1996. The pilot perished and 16,600 pounds of gold condensate was lost. Condensate is not gold bars but still valuable. Barrick Gold has refused to speculate on the approximate value of the plane's cargo.
The Declaration is a statement of cooperation between the partners for the responsible development of Stornoway's 100% owned Renard Diamond Project based on the principles of environmental protection, social responsibility and economic efficiency.
Osisko Mining Corporation reported that its second quarter gold production totaled a record 92,003 ounces from its flagship Canadian Malartic Mine. Year to date, Canadian Malartic has produced a total of 183,181 ounces of gold.
With the recent announcement that there’s much more copper in the Los Azules copper project in Argentina than initially thought, the stakes in a lawsuit contesting its ownership have become much higher.