June 24, 2015

Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

June 24, 2015

South African gold sector to table wage offer next week

The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.

June 24, 2015

Zambia to slash royalties, reinstate mining tax

The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.

June 24, 2015

Opposition to Sirius Minerals $3bn potash project in national park builds up

The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national…

June 23, 2015

Integra Gold Corp. launches Cdn $1,000,000 crowd-sourcing gold rush challenge

The objective is to try finding Val-d'Or's next big gold discovery.

June 23, 2015

Amplats axing over 400 jobs in South Africa

Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.

June 23, 2015

Gold hit by Fed’s Powell comments on rate hikes

Gold futures for August delivery declined for the third day Tuesday, hitting $1,177.30 an ounce in early trading on the Comex in New York.

June 23, 2015

Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

June 23, 2015

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Until now Canadian companies needed to have at least 51% stake in any uranium project.

June 23, 2015

Firestone Diamonds delays Lesotho mine launch

Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.