Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering
The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.
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Hochschild Mining raises annual production target
Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore.
Alcoa to close two Spanish aluminium plants with job losses
The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.
ArcelorMittal to make $1B creditor payment to bid for Essar Steel
The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.
Anglo American ‘encouraged’ by drilling results from copper asset in north Brazil
The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.
Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe
Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.
Indonesia targets closure of Freeport deal in December — official
State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government.
Codelco submits $1B plan to extend Salvador mine life beyond 2021
The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.
BHP’s 1st quarter iron ore output jumps 8%, cuts copper guidance
BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30.