December 7, 2016

Rio Tinto says halt of copper shipments from Oyu Tolgoi ‘a bump in the road’

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.

December 7, 2016

Main contractor on Shell LNG Canada project cancels bidding

CFSW LNG Constructors – a consortium of four major engineering and construction firms and the lead contractor for LNG Canada – has cancelled the bidding process for the project.

December 7, 2016

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.

December 6, 2016

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.

December 6, 2016

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

December 6, 2016

Alrosa diamond sales picked up in November

The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.

December 6, 2016

De Beers invests $5 million to expand India’s diamond grading unit

Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.

December 5, 2016

Ellerby Energy & Resources (EENRES) Partners with Beth Allen, Ladies European Tour Number One, to Launch a New Energy and Resources Company in Dubai, the City of Gold

Ellerby Energy & Resources, LLC. (EENRES) is pleased to announce its sponsorship with Beth Allen, currently the No. 1-ranked golfer on the Ladies European Tour, for the upcoming OMEGA Dubai…

December 5, 2016

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

December 5, 2016

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.