Anglo American to cut hundreds of coal jobs
Anglo American (LSE: AAL) will shed more than 200 jobs from its Queensland coal division as weak prices and high state royalties hit profits. The company confirmed the cuts would…
Articles by Cecilia Jamasmie
Ecuador casts doubt on Dundee’s Loma Larga
Ecuador’s President Daniel Noboa has requested further information on DPM Metals’ (TSX: DPM) Loma Larga gold project, handing responsibility for its approval or rejection to authorities in the southern province…
Anglo, Codelco seal pact to mine $5B in Chilean copper
Anglo American (LSE: AAL) Chile’s state-owned copper miner Codelco have sealed a landmark deal to jointly operate their neighbouring mines in central Chile, unlocking at least $5 billion in value….
Alamos ends $1B fight in Turkey with $470M sale
Alamos is selling its Turkish subsidiary to Middle East-based Tumad Madencilik Sanayi, a unit of Nurol Holding.
Newmont sells Coffee gold project for $150M
Newmont (NYSE: NEM) has agreed to sell its Coffee gold project in Yukon to Fuerte Metals (TSXV: FMT) for up to $150 million (C$207 million), completing a year-long divestment plan….
Japan pours $7B into African rail link for Sovereign graphite
Japan has committed $7 billion to develop the Nacala Logistics Corridor, a project expected to boost Sovereign Metals’ (ASX: SVM; LSE: SVML) Kasiya rutile-graphite project in Malawi. The funding would…
Panama to discuss First Quantum copper mine restart
Panama may open talks early next year with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine. Commerce Minister Julio Moltó told local…
Rio Tinto, partners score major tax break on Simandou
Rio Tinto (ASX, LSE: RIO) and its partners in Guinea’s Simandou iron ore project have reportedly secured corporate tax concessions worth more than half off the standard rate for key…
Anglo, Teck strike $50B merger in decade’s top deal
Anglo American (LSE: AAL) is acquiring Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK), Canada’s largest diversified miner, in a $50-billion (C$69-billion) all-share deal that would create the world’s fifth-largest copper…
Guinea junta warns Rio of smelter cost whack
Rio Tinto (ASX: RIO) may be forced to make expensive downstream investments in Guinea as the military-led government pushes for local refining tied to the giant Simandou iron ore project….
Burkina Faso seeks to ease investor concerns
Burkina Faso, Africa’s fourth-largest gold producer, is trying to reassure international miners that its request to acquire more of West African Resources’ (ASX: WAF) Kiaka gold mine is an option,…
Kodal secures export permit for Mali lithium mine
Kodal Minerals (LSE: KOD) has secured an export permit for spodumene concentrate from its Bougouni lithium mine in southern Mali, clearing a key hurdle for the project’s first shipments. The…