Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report
The transaction would be worth over $2 billion.
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Gold near 3.5-month high on Portugal bank worries
Mideast violence, Fed rate stance, India duty also concerns.
Ohio firm granted rights to shipwreck’s gold worth up to $80m
The SS Central America ship sank off the South Carolina coast in 1857 and has been the subject of legal disputes for about 30 years.
LG Sound receives Water Innovation Award with the new MPC-Buoy
The WssTP innovation and technology board selected several SME’s whose innovations were identified as best practices with a high market potential in their field of application.
Canada’s Supreme Court rules against First Nation on logging
Decision bodes well for mining firms.
Peru set to become world’s second largest copper producer in 2016
Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.
Africa’s largest iron ore miner hit hard by weak prices
While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.
CME/Thomson Reuters win race to replace London silver fix
The race to replace the 117-year-old London silver price fix is finally over.
Gold smuggling into India hits record highs
Officials estimate they have seized four times more gold in the first quarter of the current fiscal year (April to June) than in the same period last year.
