December 9, 2016 Brazil grants operating license to Vale’s massive S11D iron ore mine Mine is set to start operations by the end of the year, with first shipment set for January 2017.
December 9, 2016 Centerra scraps dividends, gets Turkish project financing facility extended Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.
December 9, 2016 Iron ore soars past $80 a tonne The steelmaking raw material is up 85% this year, or more than double its December 2015 price.
December 9, 2016 Sibanye Gold expands platinum assets by buying Stillwater in $2.2bn deal Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.
December 9, 2016 Global oil and gas exploration likely to return to profitability in 2017 Dr Andrew Latham, vice president of exploration at Wood Mackenzie said: "The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs…
December 9, 2016 Fresh shake-up at Rio Tinto in aftermath of bribery probe Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
December 9, 2016 Moody’s bumps US steel industry outlook to stable Better outlook comes on the back of rising prices, improving capacity utilization and declining imports.
December 8, 2016 MMG’s Las Bambas copper mine forced to file new environmental plan The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.
December 8, 2016 Cenovus resuming Christina Lake oil sands expansion, boosts capex Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.
December 8, 2016 Anglo American about to make key decision on South African assets sale While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains…
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