Operations at Barrick's Porgera open pit gold mine, in Papua New Guinea, resumed this morning after the government decided to send troops to the site last week, under a troop call-out order from 2009 still in effect.
London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.
Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.
Christy Clark, the Premier of Canada’s British Columbia unveiled details of a C$25 billion public and private sector plan to expand trade with Asia, by improving the province's transportation system.
With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.