Newmont, Teck to invest $152m in Chilean copper-gold project

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

Tony Hayward was ousted from the oil giant in 2010 following the Gulf of Mexico disaster — the vastest marine oil spill in history.

The processing is expected to gradually increase to 5,000 tonnes per day over the next three months.

Levels of conflict and political violence have risen significantly in 48 countries, most of them considered traditional mining destinations.

While the mining industry seems to be on its way up, cash-strapped juniors continue to struggle.

Copper has gained an increasingly important role in Glencore Xstrata's portfolio since last year’s mega merger.

NioCorp Developments' El Creek niobium mine could become the first such a mine in the US, which currently imports 100% of its needs for the metal.

Colombian authorities have ruled out the chance of finding any survivors.

So far this year Mexico has seized more than 200,000 tonnes of illegal iron ore, most of it on its way to China.