Lots of news in this edition from Cía. de Minas Buenaventura in Peru, which is making progress at its Trapiche copper project and Tantahuatay gold project. It is also expanding its silver, lead and zinc mine, Uchucchacua. Rio Tinto continues its relentless expansion in iron ore with approval of a $475 million project to increase […]

The gold price today fixed above the ’symbolic’ $1000.00/oz mark reaching $1,003.50 at the London PM fix, after sailing through previously uncharted territory since the start of the year. On January 3 this year the price reached $865.35/oz, breaking the $850/oz record set momentarily back in 1980. The rise translates to an annual increase of more than […]

Rio Tinto Alcan reports that it is in discussions with the South African government regarding the timing of the Coega aluminium smelter project near Port Elizabeth. A team, consisting of members from government, Rio Tinto and Eskom, are reviewing the terms of the project in order to align its timing with the availability of secure power […]

Its a recurring theme and has come up again with the National Mining Association (NMA) citing the consequences of America’s growing dependence on foreign materials. It says “a growing and potentially damaging reliance on foreign metals and minerals should make Congress wary of measures that would further disadvantage the use of American resources, said an […]

ArcelorMittal has commenced a legal action in the Ontario Superior Court to require US Steel Canada and Cleveland-Cliffs to respect what it describes as “their commitment and comply with the sale of their respective interests in the Wabush Mines Joint Venture to ArcelorMittal Dofasco.” US Steel Canada, a foreign subsidiary of US Steel Corp holds 44.6%, Cleveland-Cliffs holds a […]

Barrick Gold has acquired all of the remaining common shares of Arizona Star Resource Corp, which owns a 51% interest in Cerro Casale, one of the world’s largest undeveloped gold and copper deposits. In July last year, Arizona Star envisioned the Cerro Casale project as a conventional open pit, to produce nominally 150,000 t/d from […]