Category : Mining
Rio Tinto sells its Grasberg mine assets for $3.5 billion
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.
Vancouver miner to become one of Nova Scotia’s largest single mineral claim holders
Coronet Metals (TSXV: CRF) announced this week that it has entered into an agreement to gain 100% interest in 3,888 mineral claims totalling over 62,000 hectares in the Meguma Gold Belt located in Nova Scotia, eastern Canada.
LBMA suspends Russian precious metals refinery
LBMA suspends Russian precious metals refinery from 'good delivery' lists
Yamana begins gold and silver production at Cerro Moro mine in Argentina
Canada’s Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver doré at its Cerro Moro mine, located in Argentina’s Santa Cruz province.
Anglo American to spin off unit to encourage platinum demand
Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply.
Egypt’s officials proud of the country’s sole gold-exporting mine
The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.
No 'one-size-fits-all' when making mines productive mining sector goldmine
With limited upside for precious metal prices, miners are refocusing on productivity, says Nathan Flesher, who works for McKinsey's mining arm.
U.S. Exports Nearly All Gold Mine Supply To China
In February China bought nearly all Gold Mine production of the US.
Major Gold Mining Producers cut Production by 15%
While the cost of gold is increasing in value, the mining production of the main gold companies is decreasing sharply, recording a 15% decrease.