Nexus to acquire two gold projects in Newfoundland
The Vancouver-based miner says the acquisition fits its long-term goals.
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Proposed US mining legislation follows strict party lines — editorial
For miners, probably the worst part of the bill is its proposed imposition of a 12.5% royalty on all new mining operations, and 8% on existing ones.
RWE reviews mine protest damage, says power plants not at risk
German utility RWE AG is reviewing damage done by environmental campaigners who accessed the company’s Garzweiler open-pit mine in Germany’s Rhineland on Saturday.
Workers at Chile’s Chuquicamata copper mine vote to continue strike
The unions went on strike eight days earlier after initial negotiations over a new collective labor contract failed.
Australia’s Lynas stockpiles rare earths for ‘strategic’ customers
The company's decision to stockpile Neodymium Praseodymium (NdPr), used in industrial magnets, was to help it consolidate its position as a preferred supplier to customers outside China.
South Korea’s POSCO drops plans for Chilean battery material plant
POSCO's decision is the latest in a string of setbacks for Chile, which has struggled to modernize its lithium policies, boost output and develop a domestic battery industry.
Gold price barrels through $1,400
Citigroup: "Enthusiasm is justified" and $1,500 to $1,600 is possible within 12 months.
Chile’s Codelco has already lost $17.5 million on Chuquicamata strike
Lost production in the first week of the labour action amounts to about 3,500 tonnes of copper.
Zimbabwe leader wants new currency, IMF loan in revival bid
The state abolished Zimbabwe’s currency in 2009, after an episode of hyperinflation rendered it worthless.
