News

Glencore has completed the for $7bn sale of its Las Bambas copper mine in Peru to a Chinese consortium of MMG, Guoxin International Investment and Citic Metal.   The transaction value is higher than the previously announced deal of...

Polish state-owned copper and silver company KGHM has begun production at its Sierra Gorda mine in Chile, with an aim to produce 120,000t of copper a year from 2015.   Located in the Antofagasta region within the Atacama Desert,...

Newmont Mining has announced plans to invest around $900m to $1bn in developing the Merian gold mine in Suriname.   Located approximately 60km south of Moengo, the Merian site is estimated to contain gold reserves of 4.2 million ounces...

The South Australian Government has granted a mining lease to Rex Minerals' $800m Hillside copper, gold and iron ore project near Ardrossan on the Yorke Peninsula.   In addition to the mining lease, the government has also provided for...

Forty one members of the British Parliament have signed an early day motion that seeks to eliminate “slavery-like” working conditions in Eritrea’s mines, which they say it the main cause for over 5,000 people fleeing the country every month....

German equipment manufacturer Liebherr said this week the group’s overall turnover for this year is expected to be close to $11 billion (€8.87 billion), slightly below (1%) what achieved in 2013.   While the decline does not seem significant,...

Whitehaven Coal has started transporting coal from its Maules Creek in New South Wales (NSW) earlier than expected.   The first coal-laden train departed the mine site heading for the port at Newcastle following a test train.   As...