October 26, 2017

Gold miner Newmont’s higher costs cast shadow on profit beat

The miner said its all-in sustaining costs to produce an ounce of gold rose $18 to $943 due to higher exploration and project expenses.

October 25, 2017

10 people die in clash at a gold mine in Chad

The fight started when residents of the central Sahara mountain region felt disturbed by artisanal miners.

October 25, 2017

Rio facing class action in the U.S. over Mozambique coal mine

The filing cited Anton Colbert of Cook County, Illinois, as lead plaintiff but his action acts in the name of “hundreds or thousands of members in the proposed class.”

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.