InfoMine - Mining Intelligence and Technology

Goldcorp to pay $3.7 million for stake in newly formed explorer

7 hours ago

Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources. The post Goldcorp to pay $3.7 million for stake in newly formed explorer appeared first on MINING.com.

Newmont profit soars on higher gold prices, claims top bullion miner title

10 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

12 hours ago

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found. The post Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices appeared first on MINING.com.

Minotaur and Andromeda form star alliance

21 hours ago

Andromeda may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years. The post Minotaur and Andromeda form star alliance appeared first on MINING.com.

Federal Council rejects mining referendum in Colombian town

23 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

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US sanctions on Rusal shatter aluminium's supply chain: Andy Home

5 hours ago

By extending the sanctions deadline to Oct. 23, 2018, the Treasury Department has given Rusal and the aluminium market some much needed breathing space. The post US sanctions on Rusal shatter aluminium's supply chain: Andy Home appeared first on MINING.com.

Cenovus says railways are ready to ease oil transportation bottlenecks

6 hours ago

Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year. The post Cenovus says railways are ready to ease oil transportation bottlenecks appeared first on MINING.com.

Newmont profit soars on higher gold prices, claims top bullion miner title

10 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Canada's First Cobalt eager for more after U.S. Cobalt buy

22 hours ago

Refinery could be working in 1-to-2 years' time. The post Canada's First Cobalt eager for more after U.S. Cobalt buy appeared first on MINING.com.

Southern Copper says legal dispute over Peru's Tia Maria resolved

23 hours ago

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction. The post Southern Copper says legal dispute over Peru's Tia Maria resolved appeared first on MINING.com.

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Grasberg hardball scores an own goal for Indonesia: Gadfly

4 hours ago

The most drawn-out deal in the global mining industry looks set for another round. The post Grasberg hardball scores an own goal for Indonesia: Gadfly appeared first on MINING.com.

Jewelry companies team up with IBM on blockchain platform

5 hours ago

Gold and diamond companies joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced. The post Jewelry companies team up with IBM on blockchain platform appeared first on MINING.com.

Russia's Nornickel cuts 2018 output forecast for copper project

5 hours ago

The Bystrinsky project is now expected to produce 25,000-31,000 tonnes of copper and 90,000-110,000 ounces of gold in concentrate in 2018. The post Russia's Nornickel cuts 2018 output forecast for copper project appeared first on MINING.com.

Goldcorp to pay $3.7 million for stake in newly formed explorer

7 hours ago

Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources. The post Goldcorp to pay $3.7 million for stake in newly formed explorer appeared first on MINING.com.

Kaz Minerals to scrap Hong Kong listing 3 hours ago - Reuters

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Grasberg hardball scores an own goal for Indonesia: Gadfly

4 hours ago

The most drawn-out deal in the global mining industry looks set for another round. The post Grasberg hardball scores an own goal for Indonesia: Gadfly appeared first on MINING.com.

Russia's Nornickel cuts 2018 output forecast for copper project

5 hours ago

The Bystrinsky project is now expected to produce 25,000-31,000 tonnes of copper and 90,000-110,000 ounces of gold in concentrate in 2018. The post Russia's Nornickel cuts 2018 output forecast for copper project appeared first on MINING.com.

Chile copper mine Escondida says no early wage agreement reached

6 hours ago

The official deadline to start contract discussions begins in June. The post Chile copper mine Escondida says no early wage agreement reached appeared first on MINING.com.

Newmont profit soars on higher gold prices, claims top bullion miner title

10 hours ago

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year. The post Newmont profit soars on higher gold prices, claims top bullion miner title appeared first on MINING.com.

Kaz Minerals to scrap Hong Kong listing 3 hours ago - Reuters

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Russia’s leading coal producer SUEK joins World Coal Association

2 hours ago

SUEK is one of the world’s largest coal companies that produces higher-quality enriched coal. The post Russia’s leading coal producer SUEK joins World Coal Association appeared first on MINING.com.

Federal Council rejects mining referendum in Colombian town

23 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

Increased production at Chinese domestic coal mines lead to decline in thermal coal prices

2 days ago

Since a price ceiling was imposed at China’s main coal import harbour Qinhuangdao in mid-February, seaborne prices for coal have started to decline. The post Increased production at Chinese domestic coal mines lead to decline in thermal coal prices appeared first on MINING.com.

Canada's Teck Resources profit rises on higher sales volumes

2 days ago

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million. The post Canada's Teck Resources profit rises on higher sales volumes appeared first on MINING.com.

Caterpillar results prove global economy in good shape

2 days ago

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. The post Caterpillar results prove global economy in good shape appeared first on MINING.com.

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Brazil's Vale 1st-qtr profit slumps by a third as costs rise

22 hours ago

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier. The post Brazil's Vale 1st-qtr profit slumps by a third as costs rise appeared first on MINING.com.

Federal Council rejects mining referendum in Colombian town

23 hours ago

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. The post Federal Council rejects mining referendum in Colombian town appeared first on MINING.com.

One asset leads South African miner’s growth in Q1-2018

1 day ago

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018. The post One asset leads South African miner’s growth in Q1-2018 appeared first on MINING.com.

Caterpillar results prove global economy in good shape

2 days ago

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. The post Caterpillar results prove global economy in good shape appeared first on MINING.com.