October 25, 2017

Barrick cuts 2017 production guidance again

World's number one gold producer swings to loss during third quarter.

October 25, 2017

Australia’s Newcrest Q1 gold output falls, quake-hit mine eyed

Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.

October 25, 2017

Rhodium price roars to six-year high

Precious metal is up 114% or $880 an ounce in 2017 as above-ground stocks are "bled dry".

October 25, 2017

Barrick Gold’s Tanzania deal may set expensive precedent

Shareholders argue Barrick decision to hand Tanzania 50 percent of "economic benefits" from Acacia's mines may set baseline for future host nations' demands.

October 24, 2017

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

October 23, 2017

Platinum miner Lonmin to cut over 1,000 jobs in South Africa

South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.

October 23, 2017

Petra Diamonds revenue takes hit from Tanzania crackdown

Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.

October 20, 2017

Acacia Mining takes further revenue hit, reviews Barrick-Tanzania deal

Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part…

October 19, 2017

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

October 19, 2017

Barrick to give Tanzania stake in mines, $300 million to end dispute

The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.