PNG refuses to extend mining lease for Barrick’s Porgera mine
Papua New Guinea (PNG) is set to take control of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company’s lease on environmental and social grounds,…
Australia, NZ & South Pacific
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country, but the company cut its…
S&P Global lowers GDP, metals price forecasts
S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%. Earlier this month, it lowered its GDP growth forecast for China to 2.9% from its previous…
Rio Tinto maintains dividend, discloses taxes
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the…
Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the…
Alkane confirms Australia’s support to build rare earths mine
Australian gold producer and rare earths developer Alkane Resources (ASX: ALK) is a step closer to developing its Dubbo project after Australia’s export credit agency confirmed its interest in financing…
Rio Tinto to start producing copper at Winu in 2023
Rio Tinto (NYSE: RIO; LSE: RIO) plans to ramp up development of its Winu copper-gold project in Western Australia, with first production expected in 2023. The world’s No. 2 miner…
Rio Tinto to spend US$1B to reach zero emissions
Rio Tinto (NYSE: RIO; LSE: RIO) will spend $1 billion over the next five years to reduce its carbon footprint and have net zero greenhouse gas emissions by 2050, but…
Kirkland Lake Gold’s Tony Makuch our Mining Person of the Year for 2019
Tony Makuch, president and CEO of Kirkland Lake Gold, is The Northern Miner’s Mining Person of the Year for 2019. Under his leadership, Kirkland Lake Gold has outperformed its peers…
TSX Venture drops, Feb. 17-21: K92, Great Bear, New Pacific, Novo Resources
The S&P/TSX Venture Composite Index fell 2.14% to 582.67 and gold finished the week at US$1,643.00 per oz., up US$59.40 per ounce. Drill results from the Kora North Extension of…
Rio Tinto builds first solar plant in Western Australia
Rio Tinto (NYSE: RIO; LSE: RIO) will build a US$98 million solar plant to power its Koodaideri iron ore mine in Western Australia, about 35 km northwest of the company’s…