De Beers sales hint diamond market has bottomed out
Improved sales show the diamond market may have bottomed out and be on the slow road to recovery, say analysts.
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No fear over Brazil meeting iron ore export demand – secretary
IBRAM projects that the country will export 310 million tonnes in 2020.
MINING.COM MINUTE: Biggest stories of the week
Barrick CEO faces stark test; Definitive feasibility study for Kakula confirms giant mine; Freeport’s Grasberg go-go days back.
Rio Tinto CEO quits over sacred Aboriginal site blasts
Jean-Sébastien Jacques, as well as iron ore boss Chris Salisbury, and corporate affairs head Simone Niven will have to step down.
OceanaGold extends mine life, boosts reserves at Macraes
Life of the Macraes operation now extends to 2028, with 240,000 ounces of reserves added.
Rio Tinto moves to cut Oyu Tolgoi needed funding by $1.4bn
Rio and Turquoise Hill will also jointly seek to raise up to $500 million in additional lending to move Oyu Tolgoi underground forward.
BHP emissions reduction targets by 2030 fail to impress
The miner has not set goals to cut its Scope 3 emissions — those indirectly generated by end-users.
Kirkland Lake reports strong intercepts from Detour Lake
Highlight intercepts from the western part of Saddle include 58.5 metres of 1.8 g/t gold starting at 532.5 metres; 29 metres of 2.39 g/t gold from 619 metres; as well as 39 metres of 1.47 g/t gold starting at 886 metres.
Bullfrog acquires Nevada land package from Barrick
Barrick will own 15.9% and Augusta will own 31.9% of Bullfrog’s shares outstanding after closing of the transaction.
Mining deal value down over $18bn due to pandemic
GlobalData says mergers and acquisitions, despite a decent first quarter owing to deals involving gold, fell by 51.6% during the first half of 2020.