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By: Reuters Goldman Sachs Group on Friday slashed its 2015 price forecasts for several base metals including copper and aluminium while raising its estimate for gold by $62/oz. "The primary reason for the changes to our forecasts is cost deflation - driven by a combination of actual and anticipated US... →
By: Reuters The government has granted Chinese-owned Jinzhao Mining Peru the environmental permit for its proposed $1.5-billion Pampa de Pongo iron mine, estimated to produce 22.5-million tonnes per year. The energy and mines ministry said in a statement on Friday that it had also approved the company's... →
By: Henry Lazenby Canadian gold producer Iamgold late Thursday said a rock burst occurred in the afternoon and caused a localised underground ground fall in a confined area of the Westwood mine, in Quebec. While, access for four people was initially blocked, they were not injured and were able to exit the mine... →
By: Henry Lazenby Retreating discovery rates and reduced exploring will impact global output from 2016 onward. Financial information firm SNL Financial director for the metals and mining database Glen Jones this week said that in the low-price environment, discovery rates were exacerbated by budget cutbacks,... →
By: Henry Lazenby Emerging gold producer Patriot Gold has issued an arbitration demand to joint-venture (JV) partner and optionee Northern Vertex Mining, citing unhappiness regarding the required scope and technical details of the bankable feasibility study (BFS) for Moss gold/silver project, located in Northwest... →
By: Henry Lazenby Canadian gold producer Centerra Gold’s Gatsuurt project, located 35 km from its operating Boroo mine, in Mongolia, had been designated as a 'mineral deposit of strategic importance' by the Mongolian Parliament. The project milestone paved the way for Centerra to move forward within the country’s... →
By: Reuters Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80/bbl, up $1.28/bbl, before easing to around $49.20/bbl by 15:15 GMT. US... →
By: Megan van Wyngaardt Aim-listed Sable Mining on Friday confirmed that it was in “advanced discussions” with the governments of Liberia and Guinea regarding its Mount Nimba iron-ore project, in south-east Guinea. Media reports stated that the company was expected to soon sign a $1.3-billion, 25-year infrastructure... →