Lucara bets on diamond market recovery, plans mine expansion
The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
Latest Stories
Cerro de Pasco acquires Volcan’s mining assets in Peru for $30 million
Cerro de Pasco was one of the oldest and largest polymetallic mines in the world, operating for almost 400 years.
Rio spending $4 billion on iron ore pipeline amid China demand
Rio forecasts its iron ore shipments to rise as much as 5% in 2020.
GT Gold’s stock jumps after boost from Newmont
Newmont will own 14.9% of GT Gold’s outstanding shares, an increase from the 9.9% it previously held.
Canadian town of Asbestos, in Quebec, seeks new name
Former mining town asks residents to submit suggestions.
‘The revolution is ongoing’: Bougainville to revive radical mining proposal
Under the proposed mining law amendments, Bougainville would take a 60% share in all projects and retain all mining licences, leaving a 40% share that investors can bid for.
Chile protests threaten to dethrone world’s top copper producer
Codelco planned to spend $20 billion to modernize its aging mines, but protests have undermined the state-owned miner's push.
Canadian miners sign deal on Old Gold Bar project in Nevada
Ely Gold sold the property to McEwen Mining.
Environmental watchdog greenlights Metso’s emissions targets
Among other things, Metso aims for a 20% reduction in transportation emissions by 2025.
