Saudi Arabia targets $64B in mining revenue by 2030
Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.
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Capstone Mining mulls selling stake in Chile-based copper-iron project
Over its almost 18-year mine life, Santo Domingo is expected to produce an average of 134-million pounds a year of copper, 4.2-million tonnes a year of iron concentrates and 17,000 annual ounces of gold.
Nova Scotia miner starts drilling in Mali
Roscan's Kandiolé project is located in the gold prospective Birimian Rocks of West Mali.
Goldcorp and IBM find way to improve predictability for gold mineralization
The companies launched 'IBM Exploration with Watson' in Canada.
MacMines Australia gets environmental nod for mega coal mine in Queensland
The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.
What global rules against ‘blood gold’? Small miners have to eat
On Jan. 1, the London Bullion Market Association will introduce a new version of the guidelines that embrace what’s called environmental, social and governance standards.
Rio Tinto sells stake in Rossing uranium mine to China
The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).
New Barrick CEO eyes miners’ alliance to fix Tanzania tax row
The alliance strategy saw little success in the Congo.
Shale boom raises specter of new glut: Gulf Coast oil terminals
The race to export U.S. shale oil overseas is about to get fierce.