January 16, 2018

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

January 16, 2018

These four factors will boost gold demand in 2018 — WGC

Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.

January 14, 2018

China imported a record amount of iron ore in 2017

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.

January 14, 2018

Gold gains $21 in 3 days on T-bond selloff

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York. 

January 12, 2018

Indonesia sets framework for Freeport to yield control of Grasberg mine

Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.

January 11, 2018

Indonesia hopes to finalize Freeport contract talks by June

Although divestment issues are still unresolved, Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June.

January 11, 2018

Mali mine takes B2Gold 2017 output to record high

This is the ninth consecutive year the Canadian miner achieves record annual gold production.

January 10, 2018

Giant Bougainville mine restart stalls on moratorium over fears of civil unrest

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

January 9, 2018

Oil tanker still on fire in the East China Sea

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

January 8, 2018

Qatar to make copper wires, aluminium bars as it resists embargo

Affiliate of Qatari conglomerate Aamal Co plans to build three factories to produce copper wires, aluminium bars and drums for cables.