Acacia Mining now hit with $190 billion tax bill in Tanzania
Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.
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World’s top diamond miner Alrosa output up 14% in first half of 2017
The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.
Luxembourg shoots for the stars with fresh space mining deal
The country's ultimate objective is to have its own space mining agency by the end of the year.
Forest fires force temporary closure of two BC mines
A hot and dry summer in British Columbia has set forests aflame, and last week the effects of Mother Nature were felt by two prominent BC mines.
Cuba seeks to revive mining sector with new lead and zinc mine
A new lead and zinc mine in northwestern Cuba is on track to start production in October as part of the Caribbean island's attempt to breathe fresh life in its mining sector, the joint venture Emincar overseeing the project said this week.
Junior shakeup in the White Gold District
The White Gold District in the Canadian Yukon territory is continuing to see movement, this time among junior gold explorers hoping to grab a piece of the action.
Glencore bets on copper with $21M investment in Brazilian producer
Glencore (LON:GLEN) has placed a multi-million-dollar bet on copper by investing just over US$21 million (GBP 16.16 million) into Brazilian copper producer Paranapanema (PMA).
Trump slump in dollar lifts gold price to 4-week high
US dollar falls to more than 2-year low as Trump's pro-growth agenda stalls in Washington.
Philippines plans new law to ensure responsible mining
Philippine President Rodrigo Duterte said on Friday the country's mining industry pays too little in tax and not enough in compensation for any environmental damage.