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Swiss refiner Metalor to stop processing artisanal gold

By: Reuters     Updated 4 hours ago Switzerland's Metalor, one of the world's biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain. Informal methods of gold production, known as "artisanal" or small-scale mining, have grown... 

Newmont Goldcorp resumes operations at Peñasquito

By: Reuters     17th June 2019 Newmont Goldcorp said on Monday it had resumed shipping concentrate from the Peñasquito gold mine in Mexico after a blockade by a trucking contractor and some members of the Cedros community was lifted. Operations at the mine were temporarily suspended since April 29. 

Chuquicamata copper mine operations halved amid strike - Codelco

By: Reuters     17th June 2019 Chile's Codelco said on Monday that its Chuquicamata copper mine, one of the world´s largest, had maintained output at 50% of capacity as it faced its fourth full day of a union strike. More than 3 000 unionised workers at the world's top copper producer's sprawling Chuquicamata copper mine... 

Australian rare earth miners push development deals to counter China grip

By: Reuters     17th June 2019 Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Australia contains only 2.8% of the world's rare earth... 

Ramelius unveils million ounce plan

By: Esmarie Iannucci     17th June 2019 Gold miner Ramelius Resources has unveiled a one-million ounce life-of-mine plan for its Western Australian operations, with its newly acquired Tampia project to play a significant role in the future production. Ramelius on Monday said that the new mine plan confirmed the company’s ability to... 

Atlantic Gold to meet on St Barbara offer

By: Esmarie Iannucci     17th June 2019 The shareholders of TSX-V-listed Atlantic Gold will meet on July 15 to vote on a A$768-million takeover offer from Australian gold miner St Barbara. St Barbara in May announced plans to acquire all of the outstanding shares in Atlantic for C$2.90 a share, implying an enterprise value of... 

S&P revises Sibanye’s outlook to negative owing to liquidity concerns 

By: Nadine James     14th June 2019 Ratings agency S&P Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miner’s ability to absorb potential near-term liquidity events. The agency cites factors such as upcoming wage negotiations at its South African platinum operations,... 

AMCU seeks basic wage of R17 000 for members in platinum sector 

By: Simone Liedtke     14th June 2019 The Association of Mineworkers and Construction Union on Friday announced that it would seek a monthly basic wage of R17 000 for its members when platinum wage discussions get under way later this month. The union represents about 60 000 members in the South African platinum sector. 

Taseko appoints new president, Hallbauer remains CEO

By: Creamer Media Reporter      14th June 2019 Copper miner Taseko Mines on Friday announced several senior management changes, including the appointment of current CFO Stuart McDonald as its new president – a position that Russell Hallbauer previously held. Hallbauer, who was president and CEO, would remain as CEO of the company. 

Workers begin strike at Chile's sprawling Chuquicamata copper mine

By: Reuters     14th June 2019 More than 3 000 unionised workers at Codelco's sprawling Chuquicamata copper mine walked off the job early Friday morning after failing to reach a labour deal earlier this week with Codelco, the world's top producer of the metal. Chuquicamata unions 1, 2, and 3 rejected a contract offer from the... 

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