Europe

Upgrade for PNG mining plant

CRATER Gold Mining expects to be operating at full mining capacity at its High Grade Zone (HGZ) project in Papua New Guinea by the end of 2015 following completion of a mining plant upgrade. At full capacity the company...

Chinese funds for Pakistan power plant

China has approved an investment of US$1.2 billion in mining of a section of the Thar Coalfield in Pakistan and the establishment of a power project. The agreement forms part of the China-Pakistan Economic Corridor project (CPEC) with final...

Diamond miners likely to cut prices further in 2016 to lift demand — Moody’s

Despite current conditions, the diamond sector’s long-term fundamentals remain solid, says Moody's. Diamond miners will remain under pressure over the next 12-18 months as sluggish jewellery sales and reduced credit availability for cutters and polishers have created a temporary...

Codelco eyes $600 million in savings, more job cuts in 2016 as copper in the pits

Codelco’s Chuquicamata is the world's largest open pit copper mine. The world's biggest copper miner, Chile’s Codelco, will continue reining in costs next year rather than curbing output to navigate a slump in prices that are hitting fresh six-year...

There is no Nazi gold train after all — Polish scientists

There is no Nazi gold train after all — Polish scientistsPiotr Koper and Andreas Liechter presented this image as evidence of the Nazi gold train they claimed to have found.   Scientists rooted out Tuesday a claim by two...

Joy Global swings to loss, cuts dividend

Joy Global swings to loss, cuts dividendU.S. maker of mining equipment Joy Global (NYSE:JOY) logged Wednesday an unexpected and sharp loss in its fourth quarter and announced it was cutting its dividend as it struggles to survive long-dragged drop...

Rio Tinto bets on lithium as Tesla yet to sign major supply deal

Mining giant Rio Tinto (LON:RIO) wants to be one of the first major miners to get a grip on the lithium market, one of the very few commodities, if not the only one, that has remained unaffected by the...

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