Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero
Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.
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Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers
While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.
Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
BHP commits $2.5bn to extend life of Spence copper mine in Chile
Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.
Congo reinstates miners’ VAT exemption on imports in U-turn
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
Copper price surges to 32-month high as hedge funds place $20 billion bet
Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.
Gold rush in Nicaragua — production doubles in little over 10 years
Last year, the nation produced over 267,000 ounces of gold, significantly more than the 109,200 ounces it generated in 2006.
China’s Chalco plans $500m investment in Guinea bauxite project
The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.
Copper price consensus outlook suggest rally will run out of steam
Even the most optimistic forecasts for copper by year-end is below the spot price.
