Impairment drives Lonmin deeper into loss ahead of takeover
Lonmin announced $1.1bn impairment charge due to weaker platinum prices and a firmer rand, plunging it deeper into operating losses.
Latest Stories
Randgold’s Kibali mine in DRC to achieve full production this year
Mine is on track to produce its target of 700,000 ounces of gold in 2018.
Gem Diamonds on a roll, now finds 149-carat rock
The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.
Rio Tinto bets big on Mongolia, opens local office
The new unit, under Mongolian leadership, will focus on exploration and local ties.
Gold mine collapse in Uzbekistan kills one, about 20 trapped
A collapse at an abandoned gold mine in Uzbekistan has resulted in one death and roughly 20 trapped underground.
Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
Scotiabank bullish on zinc, copper
Scotiabank’s January commodity price index is good news for resource sectors.
Abandoned Nanaimo coal mine finds second life as heat source for university buildings
In Nanaimo, B.C.— a city built on coal — a long-abandoned mine will soon become the heat source for a new university building.
New gold mine in Côte d’Ivoire ramping up
Perseus Mining (ASX,TSX:PRU) will soon start pouring gold from its Sissingué gold mine in Côte d’Ivoire, having delivered the first crushed ore to the mill and processing plant earlier this month.
