A new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa’s gold output.
Freeport-McMoRan Copper & Gold (NYSE: FCX) will start its $4 billion mill expansion at the Cerro Verde copper operation in Peru next year, said CEO Richard Adkerson a conference call to discuss second quarter results published Thursday.
Neville Nicolau, the head of Anglo American’s platinum business is leaving the company, after the South African unit warned its earnings per share for the first half could drop as much as 78%.
Canadian Enbridge and Enterprise Products Partners LP have nearly completed work on the Seaway pipeline to increase its capacity from 150,000 to 400,000 barrels per day.