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Barrick Converts Its Pueblo Viejo Mine Power Plant to Natural Gas, Dominican Republic
May 30, 2018
Pueblo Viejo Dominicana Corporation (PVDC), operator of Barrick Gold’s Pueblo Viejo mine, has signed a 10-year natural gas supply contract with AES Andres DR, S.A. in the Dominican Republic that will enable the conversion of the Quisqueya I power generation
Signet to Join De Beers Group Pilot Phase for First Digital Link from Production to Retail
May 29, 2018
Tracr, the end-to-end diamond blockchain being developed by De Beers Group in collaboration with the diamond industry, announced that Signet Jewelers will become the first retailer to join its pilot programme. Signet will join the growing list of industry leaders
AngloGold to Lay Off 2,000 Jobs in New Restructuring Move in South Africa
May 29, 2018
Gold mining giant AngloGold Ashanti has announced a new restructuring process in South Africa, which will make around 2,000 employees redundant. The gold miner indicated that its South African operations are being crippled by a large number of challenges. Included
Rio Tinto in Talks to Sell Stake in Grasberg Mine for $3.5 Billion, Indonesia
May 24, 2018
Global miner Rio Tinto is in talks for potential sale of its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium (Persero) (Inalum) for $3.5bn. Located in the province of Papua in Indonesia, the Grasberg is
Taliban and Islamic State Make Millions from Mining Afghan Minerals
May 24, 2018
Rising global demand for cosmetics, marble and stainless steel is helping Taliban and Islamic State militants in Afghanistan fund their increasingly violent insurgencies, according to an investigation by Global Witness. The militant groups make millions of dollars annually mining talc,
Anglo American Close to Securing Partner for Quellaveco Copper Mine, Peru
May 22, 2018
Investing News reported that Anglo American is reportedly much closer to making a decision on the future of its Quellaveco copper mine in Peru. Sources told Reuters on May 17 that Mitsubishi was among the potential buyers of part of
Chinese-operated Husab Uranium Mine Becomes Big Employer in Namibia
May 21, 2018
Kerryb Puuahee, 31, is proud of breaking new ground in the male-dominated mine industry by becoming a female heavy equipment operator at a Namibian mine. The young mother is a 330-ton haul truck operator at Husab Uranium Mine, one of
BHP Billiton Faces Class Action Suit Over Samarco Disaster in Brazil
May 21, 2018
BHP Billiton is facing the threat of a class action suit in Australia over the Samarco mining disaster in Brazil, which knocked an estimated A$25bn (£14bn) off its market value in the course of a month. Lawyers at Melbourne-based Phi
Rio Tinto CEO Calls for Resource Companies to Build ‘the United Nations of the Mining Industry’
May 21, 2018
Reuters reported that Rio Tinto CEO Jean-Sebastien Jacques said resource companies needed to build “the United Nations of the mining industry” to tackle rising resource nationalism and cost inflation. Rising commodity prices typically lead to resource nationalism as they inspire
All-women Mine Rescue Team Sets Sights on International Competition in Russia
May 21, 2018
An all-female mine rescue team thinks it could be the first of its kind to participate in the International Mines Rescue Competition in Ekaterinburg, Russia, later this year. The week-long competition includes many different events — from firefighting to first
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