Category : Mining

May 24, 2018 - 3:43:08 AM

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.

May 21, 2018 - 6:06:35 AM

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.

May 18, 2018 - 9:51:16 AM

LBMA suspends Russian precious metals refinery

LBMA suspends Russian precious metals refinery from 'good delivery' lists

May 17, 2018 - 6:46:07 AM

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.

May 16, 2018 - 7:03:37 AM

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.

May 15, 2018 - 7:48:20 AM

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.

May 9, 2018 - 7:15:33 AM

No 'one-size-fits-all' when making mines productive mining sector goldmine.jpg

With limited upside for precious metal prices, miners are refocusing on productivity, says Nathan Flesher, who works for McKinsey's mining arm.

May 2, 2018 - 8:05:29 AM

U.S. Exports Nearly All Gold Mine Supply To China

In February China bought nearly all Gold Mine production of the US.