Venezuela pays miner $425m in move to safeguard Citgo
If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.
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Macassa No.4 headframe rises over Kirkland Lake
The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold’s new Macassa No.4 shaft was slip formed in just 10 days.
Appia drills high grade TREO at Alces Lake
The property, east of Uranium City, returned 10.02% TREO by weight over 3.55 metres.
Eldorado Gold’s Bolcana project has 6.5m ounces of gold
The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.
Newmont’s Subika underground in Ghana starts commercial production
The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.
Iron ore price craters 8%
Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.
Zimbabwe sees no radical change for platinum, diamond ownership
Minister of Mines and Mining Development, Winston Chitando told Reuters there would be "no change" for diamonds and platinum when asked about industry speculation the indigenisation rules could be relaxed further.
China’s steel slides into bear market; iron ore, coal hit by selloff
China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.
Former Grupo Mexico workers plan to block copper mine access
The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010.