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Support from Barrick and Financial Sector in the Dominican Will Exceed $25 Billion in 2021
October 27, 2020
Barrick Gold’s support for the government to ensure that there are no new taxes will be an advance of some US$47 million in royalties by 2020, independent of the payment of its regular taxes. But the biggest support will come
Mawson Gold Becomes Founding Member of European Raw Materials Alliance
October 27, 2020
Mawson Gold Ltd said it had become a founding member of the newly established European Raw Material Alliance (ERMA), which aims to bolster the bloc’s economy, supply chains and investment into the raw materials sector. “The EU has identified raw
BHP Scraps $2.1 Billion Olympic Dam Mine Expansion Plan, South Australia
October 22, 2020
Anglo-Australian mining company BHP has dropped its plans for a A$3 billion ($2.1 billion) expansion of its Olympic Dam mine in South Australia, following the studies of the ore body revealed weaker than expected results. Located in the Stuart shelf
RPT-Freeport Does Balancing Act as Grasberg Mine Grapples with COVID-19 in Papua, Indonesia
October 22, 2020
When miners at Indonesia’s giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production. But as months
Anglo American Launches World-first Remote Multi-pass Drill at Dawson Coal Mine, Queensland
October 22, 2020
Anglo American has developed the world’s first remote multi-pass drill at the Dawson coal mine in Queensland as it transitions to controlling the site from a remote operations center. It is the first known rotary blasthole drill rig that has
CIMIC to Sell 50% Stake in Mining Services Subsidiary Thiess to Elliott for $1.5 Billion
October 22, 2020
CIMIC Group has agreed to sell a 50 percent stake in its fully-owned mining services subsidiary Thiess to funds advised by Elliott Advisors (UK) for AUD2.15 billion ($1.52 billion). Thiess provides open cut and underground mining services across Australia, Asia,
Chilean Miner Trapped Underground Ten Years Ago Recalls Rescue
October 22, 2020
The spectacular rescue a decade ago of 33 miners trapped for two months underground in Chile´s far-flung Atacama desert made headlines around the world. One of the survivors recalled in an interview with Reuters on Monday the drama of the
Australia’s Newcrest Mining Approves Two Mining Projects
October 20, 2020
The board of Australia-based Newcrest Mining has approved the stage 2 expansion of the Cadia gold mine in New South Wales and the Lihir mine’s front-end recovery project in Papua New Guinea. Estimated to cost $175 million, stage two of
Government Steps in to Decide Fate of West Cumbria Mining’s Coal Mine
October 15, 2020
Communities Secretary Robert Jenrick will decide whether to give the go-ahead to a new coal mine in Cumbria, after the plans were again backed by the council. Cumbria County Council confirmed its support for the scheme on Friday, despite campaigns
Lundin Mining to Meet Candelaria Workers Amid Strike, Chile
October 15, 2020
Canada’s Lundin Mining will meet on Wednesday with the Mina union at its Candelaria copper deposit in Chile in a bid to resume talks to end a strike that began last week, the union’s head said on Tuesday. The union
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