South Korea’s POSCO buys stake in Aussie lithium producer, signs supply deal

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

Cecilia Jamasmie | February 27, 2018 | 5:13 am

S. Africa’s Mponeng gold mine could hold key to surviving in space

New study uses the conditions inside of the mine to better understand how life might survive on Jupiter’s moon Europa, which is considered a prime candidate for the search of extraterrestrial activity.

Cecilia Jamasmie | February 26, 2018 | 11:23 am

Condor Gold soars as Nicaragua project won’t relocate residents

Company's technical team believes the La India project is both technically viable and economically attractive with a redesigned open pit that does not require community resettlement.

Cecilia Jamasmie | February 26, 2018 | 9:15 am

Norsk Hydro to buy Rio Tinto aluminum assets for $345 million

The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

Cecilia Jamasmie | February 26, 2018 | 5:55 am

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

Cecilia Jamasmie | February 26, 2018 | 3:37 am

Endeavour on track to pour first gold from Ity mine next year

Firm said the $412-million construction project to upgrade the Ivory Coast-based gold mine remained on-time and on-budget.

Cecilia Jamasmie | February 23, 2018 | 11:08 am

Tahoe lost $18 million last quarter on Escobal mine reopening delays

Adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago, which reflects the impact of the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.

Cecilia Jamasmie | February 23, 2018 | 8:46 am

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

Cecilia Jamasmie | February 23, 2018 | 3:34 am

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Cecilia Jamasmie | February 22, 2018 | 9:03 am

De Beers diamond output to peak this year thanks to Gahcho Kue

The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.

Cecilia Jamasmie | February 22, 2018 | 4:45 am

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