Just seven weeks into the job, Barrick Gold’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.
Barrick’s main project, the Veladero joint venture with Shandong Gold in Argentina, isn…
Barrick Gold faces challenges to develop Latin America mines Read More »
Brazil’s government intends to make the mining giant Vale "private again" by pushing out pension funds of State-controlled companies, a senior official said on Wednesday. Shares rose.
"Vale is a State company. Pension funds controlled by t…
Brazil govt sets sights on Vale in ‘reprivatisation’ push Read More »
South Africa’s biggest labor federation will embark on a nationwide protest on Wednesday that will keep teachers, policemen, miners and workers at embattled power utility Eskom away from their posts amid a fourth day of rolling blackouts.
The National…
South Africa’s biggest labour group embarks on nationwide strike Read More »
Sibanye Gold is considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output.
The nation’s largest gold producer has talked with some labor unions about a potential …
Sibanye considers closing unprofitable shafts at gold mines Read More »
One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.
That’s how the first coal-fired plant to open in the US since 2015 bucked the t…
First US coal plant in years opens where no options exist Read More »
Local investors are starting to see value in Vale SA shares after a fatal accident last month wiped out nearly a quarter of its market value, while global investors remain skeptical, according to UBS Group.
Approximately 80% of Brazilian investors are…
Vale’s rout lures locals while foreigners remain wary, UBS says Read More »
Canada’s ethics watchdog is investigating whether Prime Minister Justin Trudeau broke the rules and pressured his former attorney general to help SNC-Lavalin Group settle corruption charges out of court.
Ethics Commissioner Mario Dion confirmed his in…
Trudeau faces ethics investigation over SNC-Lavalin case Read More »
RioZim halted production at its three gold mines after Zimbabwe’s central bank failed to provide foreign currency the company needs to keep operating. The shutdown is the second by RioZim since October. It’s the latest indication of how businesses are …
RioZim halts output as central bank fails to make payments Read More »
Iron-ore futures surged more than 5% to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, …
Iron-ore powers to highest since 2014 as Vale crisis intensifies Read More »
Vale’s licence to operate a dam key to production at one of its largest mines was revoked by a Brazilian state regulator on February 5, adding another hurdle to efforts by the iron ore king to return to normal operations. Shares declined.
The world’s …
Vale loses license at dam that caused iron-ore force majeure Read More »
