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By: Henry Lazenby Updated 2 minutes ago TSX-listed Sherritt International Corp on Firday announced that it had inked two more production sharing contracts (PSCs) with Cuba, where it has oil and gas assets. The new blocks, 8A and 10, are located in Central and Northern Cuba and cover areas of 967 km2 and 261 km2, respectively. →
By: Reuters Updated 45 minutes ago GoldBridges, a small Kazakh gold miner led by a member of the well-connected Assaubayev family, on Friday joined the main board of the London Stock Exchange and is hoping to improve the image of Kazakh businesses in the mining sector. The company, which already produces about 30 000 oz/y of gold... →
By: Reuters Updated 50 minutes ago Zambia's decision to hike royalty rates on open pit mining from 6% to 20% will lead to shaft closures and 12 000 job losses, the chamber of mines said on Friday. Barrick Gold said on Thursday it would suspend operations at its Lumwana Copper Mine after royalty increases were passed into law in... →
By: Reuters Updated 53 minutes ago The expansion of Chilean copper company Codelco's El Teniente underground mine has fallen around two to three years behind schedule, CEO Nelson Pizarro said on Friday. Pizarro, who took the helm at the world's No 1 copper producer earlier this year, added that the El Teniente expansion will... →
By: Reuters Updated 55 minutes ago Colombia's Environment Ministry announced it had fixed the boundaries of an ecologically delicate moorland in the country's northeast, a decision that would affect two of three miners with a licence to explore or develop mining there. Environment Minister Gabriel Vallejo said 100 000 ha of land... →
By: Reuters Updated 57 minutes ago People have tossed gold and silver pieces into Salvation Army holiday kettles but a gold tooth found this week in Kansas City was a local first, an organisation leader said on Friday. "It's the whole tooth, with the root and everything," said Rick Carroll, who is in charge of the Salvation Army... →
By: Martin Creamer The European benchmark price of ferrochrome has been settled 6% lower for the first quarter of next year, the JSE-listed Merafe Resources said on Friday. The price of $1.08/lb for the first quarter of 2015 is seven cents a pound lower than the current $1.15/lb price of the fourth quarter of 2014. →
By: Reuters The International Monetary Fund has urged Zambia, Africa's second-largest copper producer, to quickly resolve issues with mining companies over value-added tax refunds and an increase in royalties. Lower world copper prices and the announced shift to a royalty-only min →