Nordgold increases capacity at Taborny mine

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.

Consumer demand for jewellery, coins and bars, dropped by a quarter as high prices slowed down acquisitions from top consumers China and India. Investments, however, were up by 44%.

Move will push up costs by Cdn$250 million ($187M).

Atlas Copco has just introduced the PV 275 CA, which is a fully autonomous and cab-less Pit Viper 275 blasthole drill.

Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.

The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.

Updated study shows it would cost $5 billion, or over 20% of Barrick Gold's current market value.

Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.