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Weak markets force Alrosa to dump stock in state repository for the first...

Alrosa sold rough diamonds to the Russian state gem repository Gokhran in 2Q 2012, according to a report from the company. The exact size of the sale was not disclosed, but it is known that Alrosa's...

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Workers at Peru's only iron ore mine to strike

Shougang Hierro Perú workers have agreed to go on indefinite strike before September 15 to agitate for better working conditions. Shougang Hierro Perú is a subsidiary of Shougang Group of China and...

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Endeavour Mining settles with Gold Reserve

Endeavour Mining announced Friday that it has reached a settlement agreement with Gold Reserve Inc. whereby Endeavour will pay CAD 1.5 million to Gold Reserve in exchange for all claims without...

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Strikes cripple 40% of South African gold production

Approximately 40% of South Africa’s gold production capacity is offline due to the combined impact of the ongoing illegal strikes at Gold Fields and AngloGold Ashanti’s operations in the country....

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Polymetal likely to cut 2013 capex by 16%, expects reserves upgrade

Polymetal International is likely to cut its capital expenditure by 16% in 2013 to USD 210 million-USD 250 million, provided no new assets will be purchased by the company, Polymetal's CEO Vitaly Nesis...

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North West province family says Implats owes millions due to unfair use of land

A family in South Africa's North West province is seeking millions of rand in damages from Impala Platinum (Implats), claiming that the company has used its land for 36 years with zero compensation....

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Village Main Reef: Workers return to Blyvoor mine

Village Main Reef Gold Mining Co. said today that striking workers at its Blyvoor mine have returned to work after having accepted a wage increase proposal from the company's management. Village Main...

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Regional court sides with RUSAL in Norilsk Nickel buyback dispute

The Krasnoyarsk regional court has deemed that Norilsk Nickel and Vladimir Potanin's Interros are affiliated bodies, thus siding with UC RUSAL's claim. RUSAL disputed the September 2011 decision by the...

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Polymetal hopes to sell precious metal concentrates to Japan, Korea

Polymetal International has made several trial shipments of precious metals concentrates to Japan and South Korea and is planning talks on further supplies, Polymetal's CEO Vitaly Nesis said in an...

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Codelco awards OHL $91.2 million contract

Spanish construction company OHL has been awarded a USD 91.2 million contract from Codelco to develop a system to crush, transport, acid cure and stack copper oxides. The system will be installed in...

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Russian Economy Ministry: UMMC Once Again Outpaces Norilsk Nickel in Terms of...

Ural Mining & Metallurgical Co. (UMMC) increased its copper production by 2.6% in 2012, while Norisk Nickel's copper production in Russia fell by 3%, the Ministry of Economic Development said. UMMC...

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Central Bank of Chile: copper exports reached USD 3.47 billion in January 2013

The Central Bank of Chile announced that Chilean exports amounted to USD 6.98 billion and imports reached USD 6.68 billion in January 2013. In particular, copper exports reached USD 3.47 billion for...

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UN report on Xstrata Nickel's Loma Miranda project to be presented in April

The United Nations is currently carrying out a feasibility study on Xstrata Nickel's controversial Loma Miranda project in the Dominican Republic. The UN announced that the results of the study would...

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