Anglo American strategy boss replaces Cutifani as CEO
Duncan Wanblad, 54, will be the first South African to run the company since Tony Trahar stepped down in 2007.
Intelligence
BHP inks exploration deal with Gates and Bezos-backed Kobold Metals
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has struck a deal to use artificial intelligence tools developed by KoBold Metals, a start-up backed by a coalition of billionaires including Bill…
AngloGold eyes Argentina projects in partnership with Latin Metals
Latin Metals (TSXV: LMS; US-OTC: LMSQF) may have scored big after inking a potential partnership deal with one of the world’s biggest gold miners – AngloGold Ashanti (NYSE: AU) – for its…
UPDATE: Centerra says 40 metres of water at Kumtor pit threatens workers, environment
Centerra Gold (TSX: CG) says there is at least 40 meters of water at the bottom of its seized Kumtor gold mine in Kyrgyzstan and “abnormally” large amounts running down the pit walls, which could lead to catastrophic…
Top Australian capital raises seek to create mining value
Australia-headquartered miners have been tapping the capital markets in the year to July 14 to raise a total of US$2.33 billion in capital, according to an analysis by the Northern…
La Mancha launches US$1.4 billion gold mining fund
La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, has unveiled a US$1.4 billion fund to hold the magnate’s gold mining investments and pursue new opportunities in the sector. The…
Near-term catalysts in the works for Newcore Gold as Enchi’s district-scale potential beckons
Recent drill results from Newcore Gold’s (TSXV: NCAU; OTCQX: NCAUF) Enchi project in Ghana underlines the company’s district-scale exploration opportunity in Africa’s top gold producing nation, president and CEO Luke…
Mining profits reach US$230 billion a year, only topped by oil & gas, pharma
Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new…
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….
BHP’s outlook and record dividend fuel supercycle talk
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) reinforced talks of a new supercycle today by rewarding investors with a record US$5.1 billion first-half dividend and forecasting a “very constructive” outlook…
Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi’s deal
Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) governing a US$6.75 billion expansion of the Oyu Tolgoi…