Rio Tinto’s $6.7bn Oyu Tolgoi expansion to begin in 2022 The update on budget and timeline for the expansion didn't provide clarity on the funding and economics surrounding the giant project. Cecilia Jamasmie | December 16, 2020 | 3:45 am
De Beers buys time to close diamond deal with Botswana It has extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic Cecilia Jamasmie | December 15, 2020 | 6:25 am
Resolute Mining sells Bibiani to Chinese group China’s Chifeng Jilong Gold will pay Resolute $5 million upfront and the remainder upon completion of the transaction, expected in March 2021. Cecilia Jamasmie | December 15, 2020 | 3:53 am
World’s largest copper miner to cut carbon emissions 70% by 2030 Chile's Codelco also vowed to reduce inland water consumption by 60% and recycle 65% of its industrial waste. Cecilia Jamasmie | December 14, 2020 | 6:43 am
Greenland grants Bluejay exploitation license The $245 million Dundas ilmenite project is expected to reach full production by 2022. Cecilia Jamasmie | December 14, 2020 | 3:49 am
Vale asks US court to force Steinmetz to pay $2bn award Vale is urging a New York-based federal court to force the magnate to reveal all assets to enforce and so obtain the arbitration award. Cecilia Jamasmie | December 11, 2020 | 6:33 am
Zambia to buy gold from First Quantum to boost reserves The nation's central bank will hold gold for the first time since 1995 as foreign-exchange reserves near record lows. Cecilia Jamasmie | December 11, 2020 | 3:54 am
Greatland unveils maiden resource for Havieron project The gold-copper project, a joint venture with Newcrest, holds 4.2 million ounces of gold equivalent. Cecilia Jamasmie | December 10, 2020 | 8:43 am
Lucapa finds another +100ct diamond at Lesotho mine The D-colour, Type IIa white diamond is the fourth larger than 100 carat recovered from the southern lobe of the Mothae mine. Cecilia Jamasmie | December 10, 2020 | 6:00 am
Seabridge locks in $115.7 million for Snowfield buy Funds raised more than cover Seabridge's $100 million acquisition of Pretium Resources' project in British Columbia. Cecilia Jamasmie | December 10, 2020 | 4:49 am
