Fireweed files a PEA with a pre-tax IRR of 32%
The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road.
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House passage of Minerals Security Amendment recognizes importance of minerals to national security
This amendment will provide a level of certainty that is required to ensure our military has the materials it needs when it needs them.
Freeport’s Grasberg jujitsu move will pay off
There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.
AngloGold Ashanti to axe 2,000 jobs as it shrinks footprint in South Africa
The company’s remaining South African assets are the Mponeng underground gold mine, and a surface operation.
Mining companies still reluctant to tap Argentina deposits
Lack of clarity on environmental rules, overlapping federal and local taxes, and regulations that vary from province to province continue to loom over proposed mines.
Rio Tinto about to offload stake in Grasberg mine for $3.5 billion
Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.
Cobalt 27 agrees to streaming finance deal with Australian miner
The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement.
GE to merge transportation unit with Wabtec in $11.1 bln deal
The deal will add more offerings that can improve efficiency and safety to GE's customers, which include Komatsu Ltd and Rio Tinto PLC.
