Illegal gold mining spikes in Venezuela as locals struggle to survive
Constantly rising currency inflation means small amounts of gold are being used to pay for everyday staples.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
BHP officially drops ‘Billiton’ from name
BHP Billiton and BHP Billiton Plc are now BHP Group and BHP Group Plc respectively and all the tickers, including the ones on the London Stock Exchange and the Johannesburg Stock Exchange will switch to “BHP” on Nov. 23.
China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover
Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.
Perseus sees signs for life extension of its Ghana gold mine
Drilling results from the Esuajah Gap deposit at its Edikan gold operation show a “significant” mineralized granite that could extend the life of the mine past the six years it has left.
Copper output to spike in world’s top producer Chile
Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.
BHP to pay $390m to settle tax bill dispute over Singapore business
The issue relates to the amount of tax BHP owed for selling its Australian commodities via its Singapore marketing business — or allegedly shifting its profits offshore.
Vale told to pay $26.8m in damages to indigenous tribes
The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.
Teck to name partner in Chilean copper project in December
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
Volkswagen to spend $50 billion on electric car ‘offensive’
German automaker is also considering involvement in battery production.
Philippines to allow some halted mines to resume operations with conditions
The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.
Ontario fast-tracks controversial mining law
The Canadian province will have “special economic zones" in which mining projects can be exempted from provincial laws and regulations.