December 11, 2014

New strike hits Peru’s largest copper mine

Unionized workers at Antamina downed tools at midnight Wednesday.

December 11, 2014

Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

The miner hinted its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.

December 10, 2014

Miners in Guatemala to pay ten times more royalties

President Otto Perez Molina has approved a new rule passed by the Congress last week, which rises taxes to transnational miners operating in the country from 1% to 10%.

December 10, 2014

Hochschild slashes management pay, turns chairman into non-executive

The miner has set out changes to the chairman's role and, as part of its on-going cost cutting program, is further cutting board pay.

December 10, 2014

Yamana Gold to group Brazil mines under new unit

The miner became the latest company to spin off non-core, underperforming assets.

December 10, 2014

Glencore’s Glasenberg slams top iron ore producers once again

In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP…

December 9, 2014

Diamond demand, prices set to soar in next decade

Financing and marketing are two of the key challenges the industry will have face when trying to keep the global diamond market growing.

December 9, 2014

This is why India needs a gold policy — WGC

There are at least seven good reasons, says the World Gold Council.

December 9, 2014

Anglo American struggling to meet targets, mulls coal assets sale

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

December 9, 2014

Vale sells stake in Mozambique coal project to Mitsui for $763m

Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.