Global miner Rio Tinto has no plans to take full control of its Canadian Arctic diamond mine, which faces closure and will cost hundreds of millions of dollars to clean up, court documents show.
Rio, which owns 60% of the Diavik mine in Canada’s North…
Rio Tinto won’t bid for remaining stake in Canadian diamond mine Read More »
Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found.
The countries alon…
Congo’s gold being smuggled out by the tonne, UN report finds Read More »
First Majestic Silver has asked Canada’s ambassador to Mexico to intervene in an escalating tax dispute with President Andres Manuel Lopez Obrador’s government, the Canadian miner’s CEO said on Friday.
Lopez Obrador said on Tuesday that some of Canada…
Canada’s First Majestic taps diplomat to resolve Mexico tax dispute Read More »
Unionised mine workers in Chile, the world’s top copper producer, warned on Thursday that health should take precedence over output, one day after State-run Codelco’s unions threatened a walkout at some of its operations.
Workers with the Federation …
‘Health, then production’: Unions ramp up pressure on Chile copper miner Codelco Read More »
South African phosphate producer Foskor said on Thursday that a fire on Wednesday at its acid plant in the coastal city of Richards Bay will not impact production and supply, even though conveyors were damaged. The fire, the cause of which is still bei…
Foskor says fire at acid plant won’t impact output Read More »
Western Australia approved BHP Group’s application to disturb 40 culturally significant Aboriginal sites as part of a mine expansion, the state government said on Thursday, days after Rio Tinto blew up sacred rock caves in the same area.
State Aborigi…
Australian state says BHP can disturb 40 sacred sites in mine expansion Read More »
A rise in the cost of holding US gold futures since the start of the coronavirus outbreak is pushing investors wanting exposure to the metal towards gold-backed exchange traded funds (ETFs), industry data shows. Gold is increasingly in demand from buye…
ETFs outshine futures as investors look for gold exposure Read More »
Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas and mine developments, which could impact talks on a stalled project planned by Exxon Mobil Corp.
Prime Minister James Marape came to power a year ago on a …
Papua New Guinea amends oil, gas, mining laws to boost revenue Read More »
Unionised workers at Chile’s State-run Codelco, the world’s largest copper miner, said on Wednesday they were weighing walking off the job at some sites in order to implement a self-imposed quarantine after one of their members died from Covid-19.
The…
Workers at Chile’s Codelco threaten work halt to quarantine against coronavirus Read More »
Zambia on Wednesday said mines ministry officials will, starting next month, personally collect samples from mine sites around the country to prevent mining companies seeking to undervalue their production to pay less taxes. The ministry said some mine…
Zambia tackles ‘deliberate’ undervaluation of mineral exports Read More »
