Articles by Mining Weekly
Barrick Puts Australian Gold Mines Up For Sale
Barrick Gold, battling heavy debt and a slump in gold prices, has put three mines in Western Australia up for sale, a person familiar with the process said on Monday.
The world’s top gold producer has …
Gold Jumps 1%, ETFs Holdings at Three-Year Low
Gold jumped more than 1% on Monday after a rebound above $1,400 ignited technical buying, but sentiment was shaky as steady outflows from exchange-traded funds trimmed holdings to their lowest in three years.
The technical outlook …
Huge Barrick Mine in Chile Faces Long Delay
Barrick Gold faces some tough legal obstacles to complete its up to $8.5-billion Pascua-Lama gold mine after a recent court decision, and even the possibility that its Chilean environmental permit might be canceled.
In the latest …
SA Mine Wage Talks May Be Toughest Yet
Wage talks across South Africa’s mining sector starting in May will be among the toughest ever with strikes a certainty given inflation, worker militancy and shrinking company margins.
There is also real risk of a repeat …
Chile Court Suspends Barrick’s Pascua-Lama Project
A Chilean court has suspended the construction of Barrick Gold ‘s $8.5-billion Pascua-Lama gold and silver mine after indigenous communities said the project was destroying glaciers and harming water supply.
The northern appeals court of Copiapo …
Rio Tinto Says Talks with Mongolia Ongoing
Rio Tinto is having productive talks with the Mongolian government over the investment agreement for its Oyu Tolgoi project in the Central Asian nation, the CE of the global miner’s copper division said on Tuesday.
Rio …
Striking Gold Fields Ghana Miners to Resume Work – Union Leader
Striking workers at South African miner Gold Fields’ operations in Ghana are likely to resume work on Monday following the conclusion of talks with management to resolve their grievances, a union leader said.
“We had a …
SA, Russia Join Forces To Cope With Platinum Market Excess
The world’s two biggest platinum producers, Russia and South Africa, have agreed to join forces to cope with an excess supply of the metal, a South African minister said on Wednesday.
The two countries, which hold …
Canadian Aboriginals Sue Rio Tinto Unit for C$900m
Two Canadian aboriginal communities have filed a C$900-million lawsuit against a subsidiary of Rio Tinto, saying on Wednesday that more than a half century of iron-ore mining has disrupted their traditional way of life.
The Innu …
Unsettled SA Miners Shunned for Foreign-listed Peers
Investors are buying mining and oil stocks active in Africa’s ‘frontier’ countries but listed on foreign bourses, thus avoiding labour unrest in South Africa, the continent’s biggest resource economy.
Commodities make up a large chunk of …
