Freeport execs face probe over collapsed tunnel in Indonesia, mine to restart soon
Nine of the 12 witnesses questioned so far are top executives of PT Freeport Indonesia.
Cecilia Jamasmie , Editor-in-Chief
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Gold Fields evaluates future of its copper-gold project in Kyrgyzstan
Project review will consider options to boost shareholder value, without necessarily resulting in a transaction, the company said.
Chile imposes $16 million in fines to Barrick for environmental violations at Pascua-Lama
Besides receiving the highest possible fine under Chilean law, Barrick construction work has been halted.
Aussie coal workers walked off the job
More than 200 workers at Australia's Newcastle port, the largest thermal coal export facility in the world, walked off the job this morning.
Diamond miner Alrosa’s Q1 production dropped 7.5%
Market conditions favoured higher rough demand as global supplies decreased, said the firm.
New securities law in Mongolia cleans path for Tavan Tolgoi IPO
The new law can be the solution cash-strapped state-owned developer of Tavan Tolgoi has been looking for years.
South Africa’s new wave of strikes could ruin the economy: President
He added that wildcat strikes, particularly in the platinum and gold sectors in recent months, have cost South Africa dearly.
Vedanta raises $1.7bn, India’s largest ever offshore bond sale
This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.
Rio Tinto starts off downsizing at its Utah mine
It cut nearly 100 jobs at its Kennecott Utah copper mine and warned further positions will be slashed later this month.
Mining investment in Mexico to hit $8bn record this year
The country ranks fifth globally in terms of mining investment and fourth in exploration spending.
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.