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.
Latest Stories
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.
Why rough diamond prices are at a 52-week high
Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.
Blockchain will completely revolutionize how we mine gold and precious metals
Tracking metals across the supply chain has become increasingly important to businesses and consumers - with blockchain, there’s no hiding anything.
This iron mountain looks more like a molehill: David Fickling
Ore imports aren’t just going up because China’s producing more steel: They’re rising because it’s producing less iron ore as well.
Petro-Lithium production represents diversification of Alberta’s energy economy
Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.