Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia….
Articles by Cecilia Jamasmie
Panasonic to build US$4B battery plant in US to supply Tesla
Japan’s Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion. The facility is expected to supply…
Anglo American, Nippon Steel to work on low-carbon steelmaking
Anglo American (LSE: AAL) and Japan’s Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions. The companies…
Ecuador court endorses environmental permits for Dundee’s Loma Larga
Dundee Precious Metals (TSX: DPM) has scored a win in Ecuador as a local court upheld the validity of the company’s environmental permits for exploration at its Loma Larga gold underground…
Pure Gold mulls company sale as part of strategic review
Cash-strapped Pure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off a strategic review process that could involve a potential sale or merger of the company, a sale of all…
Sigma Lithium mine to benefit from new rules in Brazil
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) says its 25%-ready Grota do Cirilo lithium project in Brazil will benefit from a presidential decree issued last week allowing unrestricted trade of any…
Anglo American’s Quellaveco yields first copper concentrate
Anglo American (LSE: AAL) said on Tuesday it had begun producing copper concentrate at its US$5.5 billion Quellaveco mine in Peru. The mining giant, which has a 60% stake in…
Gold Fields offers higher dividends to win Yamana deal backing
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations…
Eldorado Gold closer to restarting construction at Skouries in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to…
Chile helps Dominican Republic identify lithium deposits
Chilean experts from the mining ministry and the geology service Sernageomin met members of the Dominican Republic’s senate this week to outline terms of a cooperation agreement aimed at helping…
BHP loses appeal to multibillion lawsuit over Samarco disaster
BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over £5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a…
Asante pours first gold at Bibiani mine in Ghana
Asante Gold (TSXV: ASE) has poured first gold at its Bibiani gold mine in Ghana. The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months….