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Mar 28, 2015
Southern Copper "will continue making efforts to move forward" with its Tia Maria project in Peru, the CEO of the mining firm told Reuters, just hours after a company spokesperson said the project was being shelved. "Our position is that effectively the statements...
Mar 28, 2015
Barrick Gold, the world's biggest gold producer by output, will continue operating its Lumwana copper mine, in Zambia, while awaiting changes to the country's mineral royalty tax, the company said on Friday. Barrick had said it would suspend operations after Zambia...
Mar 28, 2015
Chile's state-run Codelco produced 1.67-million tonnes of copper in full-year 2014, a 3.1% rise from a year earlier, the world's No 1 copper producer said on Friday. The company said the jump in output was mostly due to Codelco's newest mine, Ministro Hales, which...
Mar 27, 2015
Brazil's government has selected Murilo Ferreira, the CEO of miner Vale, to head the board of embattled state-run Petroleo Brasileiro, according to a filing from the oil company on Friday. The other nominations for the board responsible for steering Petrobras...
Mar 27, 2015
The volume of gold sold forward by mining companies rose by 103 t last year, the biggest annual increase since 1999, an industry report showed on Friday. That far outstrips an estimate given late last year of 42 t to 52 t, after Mexican gold and silver miner...
Mar 27, 2015
A South African court dismissed on Friday an application by Westinghouse Electric Company to re-open the bidding process for a generator contract awarded to French rival Areva, a court official said. Westinghouse, the world's largest nuclear fuel producer and part of...
Mar 27, 2015
The leaders of five East African countries went on a charm offensive on Thursday to lure investors for a massive plan to upgrade infrastructure in the region that has made big hydrocarbon discoveries. Tanzania, Kenya, Uganda, Rwanda and Burundi, whose combined...
Mar 27, 2015
Big cities across the world struggle with crime, and Zimbabwe’s Harare is no exception. Naison Gumpo, a journalism student studying in the capital, knows this only too well.
Mar 27, 2015
South African utility Eskom fired 1 000 workers at a power plant on Friday and its chief executive failed to overturn his suspension, worsening the turmoil at the company. Africa's most advanced economy is suffering its most severe power shortage since 2008 as...
Mar 27, 2015
Kinross Gold Corp has agreed pay $33-million to settle a shareholder lawsuit that had accused the Canadian gold miner of defrauding investors through an ill-advised mine acquisition in Mauritania that has resulted in over $6-billion in writedowns. According to...
 
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