London-based Anglo American and Chile's state-owned Codelco have not come to an agreement, said the world’s largest copper producer Thursday, instead they have agreed to extend the talks until mid August.
The largest pink diamond ever discovered, an 8.01 carat sparkler found earlier this year at Rio Tinto’s Argyle mine, in Western Australia, went on permanent display in a Melbourne museum Thursday morning.
Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.
It could either be a sign that gold has reached a top or it has further to run, Lego introduced a mining-themed set this spring focused on gold production.
Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.
Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.
Platinum prices are set for a recovery in the second half of this year due to declining mine production, although palladium prices will remain tepid due to thin investment demand, according to the latest forecasts from Thomson Reuters GFMS.
The federal Liberals have shunned both of the antagonistic stances of the Harper government and the leading opposition party on Alberta’s oil sands, by announcing a “new approach” which will seek to pursue oil sands development while minimizing any adverse environmental impact.
