Barrick putting Pascua Lama back on track
World's top gold miner reaches an initial agreement with Chile’s Diaguita community, the indigenous group that first blocked the $8.5 billion project.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Mining investment in Australia falls again as boom fades
Spending committed by mining and energy companies to start or expand projects fell 14.6% to US$212bn at the end of April from $248bn a year earlier. That is a $36 billion drop.
Copper near 12-week high on hopes of Chinese stimulus
Prices are up nearly 5% so far this month, heading for a second straight monthly gain.
Vale’s New Caledonia nickel plant under siege, up to $30m in damage
Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.
World’s leading hub for diamond trade threatened by further Russian sanctions
While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.
US imposes extra conditions for potential approval of Keystone XL pipeline
Decision was based on the discovery of potentially dangerous construction defects, such as bad welds.
Areva reaches uranium mining deal with Niger, delays project
The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.
Largest Golconda diamond goes under Christie’s hammer in Hong Kong
It is expected to fetch up to $10 million.
Rio Tinto to launch virtual tour of its Canadian Diavik diamond mine
The virtual reality headset will debut at the JCK Luxury Show in Las Vegas.
South Africa reshuffles cabinet, names new mineral resources minister
Susan Shabangu, highly criticized for her handling of a strike in the platinum sector, was booted out from a cabinet that now includes South Africa's first black minister and a first openly gay official.
Delays hit Gemfields ruby plant as Zambia mine reboots
Commissioning of a second processing plant at the Montepuez ruby mine has been postponed to September due to logistical setbacks.