Glencore charged with bribery in London, pleads guilty in the US
Mining and commodities trader Glencore (LSE: GLEN) has settled probes into bribery and market manipulation in the U.K. and U.S. that have hung over the company for years. The company,…
Articles by Cecilia Jamasmie
BSGR to pay Guinea US$5.6M after losing case over Simandou
BSG Resources, the mining arm of Israeli tycoon Beny Steinmetz’s empire, secured the rights to the vast Simandou iron ore project in Guinea through corrupt practices, and international tribunal has ruled. The…
Horizonte kicks off construction of nickel mine in Brazil
The Araguaia nickel mine in northern Brazil is set to produce 29,000 tonnes of the battery metal a year for the steel market.
Skyharbour buys into Rio Tinto’s Russell Lake uranium project
Canadian explorer Skyharbour Resources (TSXV: SYH) has inked a cash and shares deal to acquire an initial 51% stake in Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Russell Lake…
Foxes add to Gold Fields’ headaches in Chile
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile,…
BHP to speed up Jansen potash mine as Ukraine war weighs on supplies
BHP’s (NYSE: BHP; ASX: BHP) chief executive Mike Henry wants to gear up on the company’s US$5.7 billion Jansen potash project in Canada as Russia’s invasion of Ukraine has caused…
Electric vehicles surpass phones as top driver of cobalt demand
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the…
Review board rejects Baffinland expansion plans in Nunavut
Baffinland Iron Mines’ proposed expansion of its Mary River iron ore operation on the northern tip of Baffin Island, in Nunavut, has suffered a major blow after a review board…
Failed eruptions play a role in the creation of porphyry copper deposits
Porphyry copper deposits are largely produced by mechanisms similar to those causing large volcanic eruptions, new research by the University of Geneva has found. In a paper published in the…
Condor Gold says La India ‘construction ready’
Nicaragua-focused Condor Gold (LSE: CNR; TSX: COG) said on Friday its flagship La India open pit gold project in the Central American country, was “construction ready” and “materially de-risked.” Delivering…
Arc Minerals inks multi-million JV deal with Anglo American
Anglo American (LSE: AAL) has inked a joint venture deal with base-metals focused junior Arc Minerals (LSE: ARCMA) to explore for copper and cobalt in Zambia, marking the first new…
Hochschild Mining earmarks US$200M to build gold mine in Brazil
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the…