Four years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck.
The world’s biggest iron ore miner is looking for a new chief and iron ore boss after they…
Rio Tinto may need to tap outsider for new chief Read More »
Russia produced 176.3 t of gold from January to July, down from 185.1 tonnes during the same period last year, the finance ministry said on Thursday.
Gold output in Russia, the world’s third largest producer of the precious metal, has been rising stea…
Russia’s Jan-July gold output down due to lower output from scrap Read More »
Australia’s Fortescue Metals Group said on Thursday that it would not support a shareholder resolution that urged it to halt mining activities that could damage Aboriginal cultural heritage sites because it already has proper procedures in place.
A sh…
Shareholder group seeks Fortescue moratorium on Australian cultural site damage Read More »
Australian superannuation fund Hesta has become the latest investor to voice dissatisfaction over the findings of Rio Tinto’s board-led review into how the iron ore miner legally detonated historically significant Aboriginal rockshelters.
The comments…
Pressure mounts for Rio board after Australian cave blast review Read More »
A standoff over a remote gold mine in Papua New Guinea threatens Barrick Gold CEO Mark Bristow’s streak of resolving thorny disputes with host governments, in the first major test he has faced outside his home patch of Africa.
Barrick, the world’s sec…
Barrick CEO faces stark test in fight for Papua New Guinea mine Read More »
Australia’s Prairie Mining has launched international arbitration proceedings against Poland arguing that Warsaw breached bilateral treaties by blocking Prairie’s investment in two coal mines.
Prairie Mining, which has been developing the Jan Karski a…
Prairie Mining takes Poland to arbitration court over coal mines Read More »
Zimbabwe’s government has banned mining in game reserves following concerns from conservationists who accused two Chinese companies of exploring for coal in the biggest national park, Hwange. Hwange, in western Zimbabwe, is home to the country’s bigges…
Zimbabwe bans mining in wildlife parks Read More »
The British government has refused to allow a new open cast coal mine to be built in northeastern England, the Minister for Housing, Communities and Local Government Robert Jenrick said.
Northumberland County Council agreed in 2016 that developer The …
Britain blocks plans for new coal mine in northeast England Read More »
Ghana plans to use part of the proceeds from an initial public offering (IPO) in a gold royalty fund to invest in similar entities.
Africa’s biggest gold producer wants to use about 20% of the $500 million it seeks to raise through the IPO later this …
Ghana wants to invest gold royalty IPO proceeds in similar funds Read More »
Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684-million due to a 31% increase in gold prices.
Its second-quarter adjusted earnings before interest, tax, depreciation and amortisation…
Polyus net profit up 63% on higher gold prices Read More »
