Aurania to expand from Ecuador to Peru

Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.

Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

The African nation produces some 70% of the globe's platinum.

The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Industry claims the U.S. Bureau of Land Management, the U.S. Forest Service, and state regulatory agencies already possess what miners contend are adequate financial guarantee programs.

Drilling results from Vancouver-based company's super high-grade Timok copper-gold project lifts market value to within sight of US$1 billion.

Top gold producer's plans to revive giant Pascua Lama gold-silver-copper project on course after Chile rejects community attempts to block revisions.