Exploration activity in October was highest in a year, S&P data shows
The mining sector saw a sharp uptick in activity during the month of October, aided by an influx of significant drilling results and surge in financings, according to the latest…
Australia, NZ & South Pacific
Volatile gold prices push down on Aussie production
High gold prices dampened Australian production slightly in the third quarter as some miners apparently turned to lower grade stockpiled material to blend into their mill feed, according to Melbourne-based…
Resolute pays US$50M to Mali junta amid tax spat
Resolute Mining (ASX: RSG; LSE: RSG) has made the second settlement payment of about US$50 million to the Malian government to help resolve a tax dispute, the company said Friday….
Aus billionaire Gina Rinehart closer to opening contentious coal mine in Alberta
Australian mining magnate Gina Rinehart has moved closer to reviving a metallurgical coal mine in Canada’s Rocky Mountains after a local plebiscite showed strong support for the project. Nearly 72%…
W-Australia lithium miners defiant, state throws lifeline
Spodumene producers were surprisingly upbeat on the outlook this week as the Western Australian government stepped in to offer assistance.
Mining CEO salaries rise, but gender diversity remains elusive, Bedford report finds
Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, according to the Bedford Group/TRANSEARCH’s 2024 Board and Executive Compensation Report. Companies with assets under…
Diamond miners face turning point amid weak prices: report
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving…
Anglo American sells coal mines to Peabody for US$3.8B
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Mining’s old guard needs strong medicine
MINING.COM’s ranking of world’s 50 most valuable miners enjoyed a combined market capitalization of US$1.51 trillion at the end of Q3, up by single digits since the start of the…
JV Article: Sandvik launches global parental leave program for employees
Swedish multinational engineering company Sandvik, which specializes in mining equipment and component manufacturing, has rolled out a 14-week parental leave program for its employees worldwide. The program provides 90% of…
‘I hate what I’ve done,’ beleaguered Ellison tells MinRes shareholders
Chris Ellison, founder and CEO of the embattled mining and contractor Mineral Resources (ASX: MIN), broke his silence today following a governance scandal that erupted last month. Earlier this month,…
Marimaca eyes ASX dual listing to boost Chile project
Marimaca Copper (TSX: MARI) has begun the process to dual list on the Australian Securities Exchange, a strategic move to boost growth and access to capital as it advances its…