Vale aims to halve debt to $10bn by 2019
The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.
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Mongolian Gov’t can’t nationalize Erdenet Copper Mine — court
Erdenet, which produces 530,000 tons of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.
Chile’s Codelco hiring for underground expansion of Chuquicamata
About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.
Canada’s Desjardins not scratching pipeline loans after all
Lender is moving to a carbon-neutral state by offsetting its own greenhouse gas emissions through the purchase of carbon credits starting this year.
Newmont’s cost-cutting, production plans: ‘We’ve only just begun’
With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.
Canadian federal court rejects Taseko’s proposed $1.5bn copper-gold project
The federal court dismissed Taseko's applications for New Prosperity Mine, and ordered the company to pay court costs to the Tsilhqot’in First Nation.
India trade ministry seeks lower tax on diamond miners
The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.
Potash CEO meets with Chilean government amid stake sale
On Thursday, Potash Corp CEO Jochen Tilk met with authorities in Chile as the company tries to divest its minority stake in lithium miner SQM.
Vedanta’s Zambian arm to set up new processing plants
Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.
