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Canada’s Mines Ministers back enhanced payment transparency in sector

The Mining Association of Canada (MAC) and the Prospectors and Developers Association of Canada (PDAC) on Tuesday welcomed a joint announcement made today by Canada's federal and provincial Mines Ministers, in which they lent their support to...
27th August 2014

Mercator Minerals files for creditor protection

Mineral Park, Arizona North American base metals miner Mercator Minerals on Tuesday filed for creditor protection in both Canada and the US after the board and its creditors could not agree on “several proposals” put on the table by interested parties that wanted...
27th August 2014

Antofagasta’s H1 earnings fall on higher costs

Chilean copper producer Antofagasta on Tuesday reported that net profit for the six months ended June 30 fell 16.3% year-on-year to $330.8-million as lower revenue and higher costs impacted the bottom line. The LSE-listed miner reported an 11.5%...
26th August 2014

Barrick scraps corporate development team – sources

Outgoing Barrick CEO Jamie Sokalsky Barrick Gold is eliminating its corporate development team and more cuts are in the works as the world's top gold miner looks to reduce costs, three sources familiar with the situation said on Tuesday. The sources, who asked not to be named as...
26th August 2014

GoldSource’s Guyana project shovel-ready after receiving medium-scale permit

Gold project developer GoldSource Mines has received a medium-scale mining permit from the Guyana Geology and Mines Commission for operations on a 250 ha portion of its Eagle Mountain deposit located within the 5 050 ha Eagle Mountain prospecting...
26th August 2014

Newmont withdraws arbitration claim against Indonesia

Global miner Newmont on Tuesday said its Indonesian subsidiary PT Newmont Nusa Tenggara (PTNNT) would drop international arbitration proceedings against the country’s government, based on signs that the government was open to start formal...
26th August 2014

Besra suspended from ASX trading for failing to pay dues

Vietnam-focused gold miner Besra on Monday said its stock had been suspended from trading on the ASX after it failed to pay its yearly listing fees. TSX-listed Besra missed the Friday deadline to pay its dues, resulting in its stock being...
25th August 2014

Transition Metals consolidates Sudbury platinum prospect

Project generator Transition Metals on Monday reported that subsidiary Sudbury Platinum Corp (SPC) had consolidated its interest in the Aer-Kidd nickel/copper/platinum-group metals (PGMs) project, near Sudbury, in Ontario. SPC had completed a...
25th August 2014

Cliffs could alter debt agreements in $200m share buy-back

The newly reconstituted board of iron-ore and coal miner Cliffs Natural Resources on Monday authorised the company to modify debt agreements if needed to allow the company to implement a $200-million share buyback. Cleveland, Ohio-based Cliffs...
25th August 2014

Augusta Resource Corp to merge with Hudbay subsidiary

Conceptual Rosemont operation Canadian base metals miner Hudbay Minerals on Monday announced that it would amalgamate its newly acquired project development company Augusta Resource Corp with one of its indirect, wholly owned subsidiaries. Following a month-long hostile...
25th August 2014

Alcoa to close Italian smelter

US aluminium and related products producer Alcoa on Monday announced that it would close its Portovesme (Carbonia-Iglesias, Italy) primary aluminium smelter, where production had been curtailed since November 2012. The closure would reduce...
25th August 2014

Some tests near Imperial's Canada mine spill show high copper

A small number of water samples taken near the site of a major spill at Imperial Metals' Mount Polley mine have shown copper levels high enough to pose a risk to fish, British Columbia officials said on Friday, but the copper did not exceed...
22nd August 2014
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