Ivanhoe’s Friedland taking ‘hard look’ at US projects

Small but growing Australian gold producer Evolution Mining (ASX:EVN) has taken a bite out of its much larger, dual-listed rival, Newcrest Mining (ASX:NCM, TSX:NM)

Senior management is allegedly not happy about recently announced expenses.

The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.

Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.

Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.

The red metal closed Thursday at $2.1220 per pound.

The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.

Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.

Report: Lifting of sanctions will spark double digit copper output growth in Iran, home to world's second largest copper mine and largest zinc reserves.