Rio Tinto closes Argyle diamond mine after 37 years

Rio Tinto readies to close world’s biggest diamond mine

The miner expects to see production of rough diamonds drop from 17 million carats last year to 12-14 million in 2020 as a result.

Cecilia Jamasmie | January 17, 2020 | 2:56 am

Scotgold looks for new targets as it readies to open Scotland’s first commercial gold mine

Scotgold readies to open Scotland’s first commercial gold mine

Chief executive Richard Gray expects to see a "mini gold rush" in the Scottish Highlands in coming years.

Cecilia Jamasmie | January 16, 2020 | 6:41 am

IAMGOLD’s 2019 production falls short, CEO to retire

Attributable gold production last year reached 726,000 gold ounces, compared to the 765,000 to 810,000 ounces the company expected.

Cecilia Jamasmie | January 16, 2020 | 3:52 am

Rising civil unrest the latest threat to miners

Rising civil unrest adds to mining risks in 2020

Risk consultancy Verisk Maplecroft foresees as many as 75 countries having to deal with soaring public rage over a variety of topics, including economic inequality.

Cecilia Jamasmie | January 15, 2020 | 4:01 pm

SQM may resume lithium production expansion thanks to Chile’s regulator backing

Chile regulator backs SQM lithium production expansion

Chile’s Environmental Superintendent (SMA) said the ruling invalidating the miner's plan was "unfounded."

Cecilia Jamasmie | January 15, 2020 | 3:58 am

Continental Gold shareholders urged to back Zijin’s $1bn takeover deal

China’s No.1 gold producer wants access to Continental’s flagship Buritica project in Colombia.

Cecilia Jamasmie | January 14, 2020 | 7:15 am

Multi-commodity developer Savannah Resources (AIM:SAV) has received the third and final permit for the Mutamba heavy minerals sands project, being developed in partnership with Rio Tinto (ASX, LON, NYSE: RIO). The licence, valid to Sept. 2044, with the possibility of an additional 25-year extension, completes the London-based company’s full tenement permitting of Mutamba, which will allow it to focus on progressing a pre-feasibility study (PFS). “The process has been rigorous and demanding, but we have now achieved one of the most important milestones in the orderly progression towards mine development," Savannah chief executive, David Archer, said in the statement. Once the PFS is completed, Savannah Resources will increase its interest in the asset from 20% to 35% and ultimately to 51% upon delivery of a feasibility study. Mutamba contains an indicated and inferred mineral resource of 4.4 billion tonnes, grading 3.9% total heavy minerals. It’s located within close proximity to the infrastructure - the Port of Inhambane, reliable power supply and excellent road connections Savannah expect to begin production this year, at an initial rate of 456,000 tonnes of ilmenite and 118,000 tonnes of non-magnetic concentrate. The company is also gearing up to start commercial lithium production in northern Portugal in 2021. Mina do Barroso, arguably one of the most advanced lithium mining concessions in Europe, is expected to become the continent’s first significant producer of spodumene, a hard-rock form of lithium. Savannah, which acquired a majority stake in the project in May 2017, has maintained a fast paced development approach since.

Savannah Resources completes licensing for Mozambique JV with Rio Tinto

The miner said full tenement permitting of Mutamba is now completed and expects to begin production before year-end.

Cecilia Jamasmie | January 14, 2020 | 5:49 am

Endeavour Mining walks away from takeover talks with Centamin

Endeavour Mining drops bid for Centamin

The Canadian miner will not make a firm offer for Centamin, citing a lack of information received during the due diligence process.

Cecilia Jamasmie | January 14, 2020 | 2:59 am

Resolute in talks to sell Ravenswood gold mine to EMR Capital

The asset could fetch up to A$300 million ($207 million).

Cecilia Jamasmie | January 13, 2020 | 9:03 am

Siemens to go ahead with Aussie coal mine contract despite pressure

CEO Joe Kaeser said Adani's Carmichael mine would go ahead with or without Siemens, adding he had to balance stakeholder interests.

Cecilia Jamasmie | January 13, 2020 | 5:50 am

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