Pembridge seeks third party to operate Canadian copper-gold mine

The Vancouver-based miner has released an independent report that found no evidence of forced labour or human rights violations at its Eritrean gold and copper operation.

The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.

The decision could set a precedent for similar cases involving mining companies around the world.

Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.

The Canadian firm said its Escobal mine remains unaffected by the ongoing political turmoil in the country, which has forced President Otto Perez to resign amid a corruption scandal that gutted his government.

This the first time in over 15 months that Sibanye officially confirms its interest in Amplats’ Rustenburg assets.

The project is considered key for Codelco, as it is the only one that will allow the state-owned miner to increase production in the coming years.

The largest synthetic crude oil processing facility in Canada is slowly recovering from a fire that damaged equipment and communication lines over the weekend.

In today's infographic, we look at how crashing oil prices over the last year have affected currencies of nations that are heavily reliant on exporting oil.