Rio Tinto in search of next Oyu Tolgoi in Mongolia

The Mutún reserve is home to 20 billion tonnes of iron ore.

After reaching a three-month high of $1,433.83 an ounce on Aug. 28, the yellow metal fell 0.3% to $1,390.31 an ounce by 1:15 pm GMT in London.

Traders take profits after strong August.

Deal worth around US$180 million.

Ecuador’s mining chamber of commerce values the country’s total mineral wealth at $220 billion.

The 1974–1976 pattern is being repeated.

Despite current challenges the analysts expect significant growth in the country's mining industry.

Support initiative forcing miners to disclose payments made to governments.

Canada's Gabriel Resources gains on TSX.