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News
Anglo American puts Peace River Coal operations in Canada under maintenance
Anglo American will put one of its Peace River Coal operations, Trend mine, on care and maintenance after being affected by a series of issues, including declining prices of metallurgical coal. Located in the Tumbler Ridge area of...
News
Patriot Coal notifies employees of potential redundancies at Corridor G mining complex
Patriot Coal has notified employees of job cuts at two mining operations at the Corridor G complex near Danville, West Virginia. The two mines are Hobet 21 mine and Beth Station preparation plant, where the company employs 360...
News
Agnico Eagle Mines to buy Cayden’s assets for $186.8m
Canadian gold mining firm Agnico-Eagle Mines has signed a deal to purchase Cayden Resources for approximately C$205m ($186.8m). The sale includes Cayden's issued and outstanding common shares and two flagship projects, the El Barqueno and the Morelos Sur...
News
Vale and Glencore call off talks to merge nickel assets in Canada
Mining giants Vale and Glencore have called off their talks to merge the Sudbury nickel operations in Canada, which could have resulted in $1bn of cost savings a year. Discussions failed as the companies could not agree on...
News
Labour strike forces Cameco to suspend two operations in Saskatchewan, Canada
A labour strike has forced Canada-based uranium producer Cameco to suspend production at its McArthur River mine and Key Lake mill operations in northern Saskatchewan. Last week, the United Steelworkers union held discussions with Cameco over its intention...
Latin America
Vale to divest $14bn portion of its base metals division
Brazilian iron ore producer Vale is looking to spin-off its base metal business, which could be worth up to $14bn. The company said that slumping iron ore prices have prompted it to concentrate on its core business. ...
Latin America
Sesa Sterlite to invest $782m in Gamsberg-Skorpion Integrated Zinc project
A mining unit the Vedanta Group Sesa Sterlite has approved the plan to invest $782m in development of the Gamsberg-Skorpion Integrated Zinc project in South Africa and Namibia. The monies will be used to build an open pit...
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