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By Reuters July 11 (Reuters) – Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday. InvestChile, an arm of the economics ministry, said foreign direct investment (FDI) […]

By Eldorado Gold Corporation VANCOUVER, July 11, 2018 /CNW/ – Eldorado Gold Corporation (“Eldorado” or “the Company”) today announces the appointment of Philip Yee as Executive Vice President and Chief Financial Officer. This appointment further strengthens Eldorado’s leadership team. Philip Yee will join Eldorado in September 2018. Phil has extensive experience as a senior financial

By Cecilia Jamasmie The guidelines, the result of a three-year international effort, should help identify areas of particular environmental importance where no mining should occur. (Image: Mountains in the Sea 2004. Courtesy of NOAA Office of Ocean Exploration.) An international team of researchers has developed a set of criteria to help the International Seabed Authority

By Bloomberg News South Africa’s biggest gold producers and mining unions start wage talks Wednesday against the backdrop of stark declines in the industry that was once the world’s largest. The National Union of Mineworkers, the sector’s biggest labor group, has demanded an increase in underground base pay of up to 37 percent from companies

By Cecilia Jamasmie Australia’s Resolute Mining (ASX:RSG) said Wednesday it had added three years to the mine life of its Ravenswood gold operation in Queensland thanks to an expansion project and the reception of all required approvals to optimize processes. The updated expansion, which includes building an open pit at the site, is expected to

By Bloomberg News The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth. Copper sunk to an almost one-year low and has fallen 16

By Michael Allan McCrae Osisko Mining (OSK:TSX) traded up after on a down market day after announcing drill results at its Windfall Lake gold project located in the Abitibi greenstone belt. As of mid-morning eastern time the company was up 2.54 per cent to $2.02 a share while the TSX was off -.53 per cent.

By Cecilia Jamasmie Gabriel Resources (TSX-V:GBU), the miner that sued Romania for $4.4 billion in alleged losses related to its halted Rosia Montana gold and silver project, said Tuesday its top executive, Jonathan Henry, was leaving the company to “pursue other opportunities.” While Henry has resigned from his position as President, Chief Executive Officer and

By Bloomberg News (Bloomberg) — Impala Platinum Holdings Ltd. is facing some tough choices as the South African miner works to stem losses at aging shafts amid slumping prices for the metal. The world’s second-largest producer has already cut 2,500 jobs in the year through June and says there may be more to come. Only

By Frik Els Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016. Copper is up by nearly half, recent weakness notwithstanding. Zinc’s nearly doubled since then and nickel bulls (suddenly aplenty) have achieved the same for devil’s copper, the only major metal in positive territory for 2018. Gold