Vale — the second largest nickel producer in the world — plans to begin looking for nickel this year on the Melville Peninsula near Repulse Bay, Nunavut.
Diavik is supposed to transform into an underground operation this year and Harry Winston's partner on the project, Rio Tinto, wants to exit diamond mining, but the luxury retailer could not provide any guidance on the way forward. Investors responded by giving Harry Winston a 5% kicking.
Due to an oversupply in the Atlantic region, the world's third-largest producer of aluminum, Alcoa, announced that it was cutting 390,000 tonnes of production of alumina.
Zimbabwe's Black Empowerment Minister, Saviour Kasukuwere, announced today it has taken majority ownership of foreign-owned mining firms, which had not already given a controlling stake to black Zimbabweans.
Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.
Negotiations between protesting miners and regional authorities resulted in an agreement to create a high-level commission to investigate the continued closure of the La Oroya mining complex in Peru.