Ecuador, Lundin Gold reach agreement to develop Fruta del Norte
Lundin will pay Ecuador an advance royalty of $65 million. In exchange, the miner won’t be charged a windfall tax until it recovers its development investment.
Latest Stories
Sharps Pixley Opens State-of-the-Art Bullion Showroom in St James’s, London
The site, which officially opens this week, will allow everyday investors access to fine quality precious metals (gold, silver, platinum, palladium and rhodium) in a variety of forms as well as safe deposit boxes.
Two years of emails from EPA employee responsible for Pebble mine rejection lost — report
Northern Dynasty Minerals, parent company of the Pebble mine proponent, disappointed at the narrow scope and limited findings of government probe.
Greece won’t negotiate with Eldorado unless it resumes operations
Environment and Energy Minister, Panos Skourletis, said the company must recall its decision to halt work at most of its sites before any dialogue between the two sides can begin.
Rio Tinto freezes all pay for 2016 as commodities rout bites
Chief executive Sam Walsh told employees he expected 2016 to be "an even tougher year" than the last.
Arch Coal’s bankruptcy suggests a questionable strategy
The company's executives seem oblivious to the downward trend in the coal markets.
Higher US dollar and lower fuel costs mean more profits for Australian miners
The US dollar has been on a tear. And for miners in certain jurisdictions, this has helped operators immensely, especially when coupled with lower fuel prices, which typically accounts for 15-20% of overhead.
Ex-Barrick CEO said to offer $1bn for Glencore mine
Aaron Regent "is competing against a small number of Chilean-focused operators" for Glencore's Atacama copper mine according to reports.
How the iron ore rout is helping rare earth prices
The world's largest producer of cerium – the bellwether for the rare earth industry – does so as a byproduct of iron ore mining.
