Compass Minerals lays off workers at world’s largest underground salt mine
Goderich has undergone a modernization process in the past six years, which requires less manual labour.
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Fremont to acquire property in world’s second richest gold province
Barrick Gold’s Goldstrike mine complex and Newmont’s North and South Carlin complexes are located in this area.
Southern Copper to splash $2.5 billion on Peru project
Winning bidder for Michiquillay project says production will start in 2025 to become one of the largest mines in the world's number two producing country.
Hochschild says Peru mine to bolster output this year
Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru
Cash-rich global miners eye India as coal sector opens up for private firms
India’s decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash.
Russia’s central bank gold hoard is now bigger than China’s
Russia has overtaken China as the fifth-biggest sovereign holder of gold.
Apple in talks to buy cobalt directly from miners — report
Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.
Miners rich in cash are aiming for fat dividends, debt payments
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
