Liezel Hill

Xstrata, Peru ink contract for $4,2bn copper mine

Xstrata Copper is on track to start construction at its Las Bambas project, in Peru, in a year's time, after receiving mining titles for the operation by the Peruvian government on Thursday. President Alan Garcia, Xstrata Copper CEO Charlie...

Platinum Group Metals clinches deal for project surface rights, in ‘active discussions’

Platinum Group Metals (PTM), which has said it will make a decision soon on whether to sell or build its South African platinum project, has locked in a right to buy the surface rights for the property, and has also made progress on securing power...

Lundin amends, extends credit facility

Canadian base-metals miner Lundin Mining has amended and restated a credit agreement to increase the amount of the revolving credit facility, lower the cost of borrowing and extend the term of the facility, the firm said on Thursday. The...

Saskatchewan commissions review on Potash Corp, mulls options

The government of Saskatchewan has hired the Conference Board of Canada for an independent analysis of a proposed takeover of Potash Corporation of Saskatchewan, as it mulls the implications of a $40-billion hostile offer for the group....

Cheaper mining methods could increase Diavik resource

The owners of the Diavik diamond mine, in Canada's Northwest Territories, are studying possible changes to underground mining methods which have the potential to lower costs and could result in a future extension of the mineral resource estimate,...

Canadian mining CEO bonuses jump past 2008, 2009 levels

Bonus payments to Canadian mining CEOs have increased to an average of 88% of base salaries this year, compared with 61% in 2009, according to a report published on Thursday. Bonus levels, which took a knock during the weaker commodities market...

Kinross gives more detail on plans for Red Back mine

Kinross Gold is planning an “extensive” expansion program at the Tasiast mine, assuming it is successful in buying the asset's owner Red Back Mining, and would aim to start operations at a new, much bigger mill before the end of 2013, the...

Tirex commissions mineral resource estimates for Albania project

TSX Venture Exchange-listed Tirex Resources has engaged SRK Consulting to produce initial mineral resource estimates for the company's Mirdita project, in Albania. The resource estimates will be compiled and reported in compliance with Canadian...

Harry Winston posts Q2 profit, rough prices up 62%

Toronto-based Harry Winston Diamond Corp earned $16,5-million in the three months ended July 31 – the company's second quarter – compared with a $24,5-million net loss a year earlier. The company reported higher prices and sales volumes for...

Iamgold takes over operations at Siribaya

Canadian gold-miner Iamgold has taken over as operator at the Siribaya gold project, in Mali, project owner Merrex Gold said on Wednesday. Under a December 2008 option agreement, Iamgold can earn 50% of Siribayaby spending C$10,5-million over...