Rio Tinto cuts Canadian iron ore guidance
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has once again cut iron production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures. Output from…
Articles by Cecilia Jamasmie
Newmont starts ramp-up at Peñasquito as strike ends
Newmont (TSX: NGT; NYSE: NEM), the world’s largest gold producer, has begun restarting operations at its Peñasquito mine in Mexico, after reaching a definitive agreement with striking workers last week….
Scotgold in advanced funding talks to avoid default
Embattled miner Scotgold Resources, which operates Scotland’s only gold mine, said on Monday it was close to securing enough funding from a new strategic investor, which will help it avoid going into…
Egyptian tycoon eyes stake in Barrick’s Reko Diq project
Egyptian billionaire Naguib Sawiris, the northern African country’s second-wealthiest person, is said to be seeking a stake in the US$7 billion Reko Diq copper-gold project, jointly owned by Barrick Gold…
Loulo-Gounkoto to remain among world’s top 10 gold producers: Bristow
Barrick Gold’s (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow said this weekend that the Loulo-Gounkoto complex in Mali is set to maintain its status as one of…
Rinehart closer to blocking Albemarle’s takeover of Liontown
Australian billionaire Gina Rinehart’s company Hancock Prospecting has once again increased its stake in Liontown Resources (ASX: LTR) to 16.7%, becoming the company’s largest shareholder. Australia’s richest person has been…
Strike at Newmont’s Peñasquito ends with 8% raise
Workers at Peñasquito, Mexico’s largest gold mine, accepted a proposal from operator Newmont (NYSE: NEM; TSX: NGT) late on Thursday, ending a four-month-long strike that cost the miner millions of dollars…
Lucapa Diamonds names Selby as CEO and managing director
Australia’s Lucapa Diamonds (ASX: LOM) has appointed interim chief executive Nick Selby as its permanent CEO and managing director. Selby, an extraction metallurgist who joined Lucapa in 2014, took the helm in…
Buenaventura suspends Peru mine on permitting delays
Buenaventura (NYSE: BVN), Peru’s top publicly traded precious-metals producer, has halted its Colquijirca’s Tajo Norte zinc-lead-silver mine for up to three years due to permitting delays. The approval of a modified…
Lithium Americas shares soars in first day of trading as North American pure-play miner
Canada’s Lithium Americas began trading Wednesday on the Toronto and New York exchanges under its new ticker (LAC) as a result of the recent separation of its North American and…
Barrick to invest US$2B in Zambia copper mine expansion
Barrick Gold (TSX: ABX; NYSE: GOLD) will invest almost $2 billion in an expansion of its Lumwana copper mine in Zambia, the company said on Wednesday. The project will increase…
Vale taps BluestOne to repurpose nickel refinery waste in Brazil
Vale (NYSE: VALE) has inked a commercial off-take and non-binding deal with BluestOne, a Brazilian company that transforms waste to products for agriculture, to extract materials from its Onça Puma…