Leading Developments

The U.K. is finalizing a $1 billion deal to support British investment in No. 1 copper producer Codelco, officials announced. The agreement allows cooperation between U.K. companies and Chile’s...

Latin America

Newmont Mining has given the go-ahead for development of its Merian open-pit gold mine in northeast Suriname, with production planned to average 300,000 to 400,000 oz/y of gold over a project life of 11...
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Africa

Impala Platinum and its 87% owned Zimplats Holdings subsidiary announced on August 20 that all mining activity at their Bimha underground platinum mine in Zimbabwe was being shut down due to...
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Asia

Turquoise Hill Resources reported in mid-August the signing of an agreement between the government of Mongolia and Oyu Tolgoi LLC, the operating company for the Oyu Tolgoi mine, for cooperation in...
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US & Canada

Cameco announced on August 27 that, in response to receiving a strike notice from the United Steelworkers Local 8914, the company had initiated a shutdown of its McArthur River mine-regarded as the...
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Brazil's largest mining state, Minas Gerais, imposed a new tax of 2.18 reals ($1.17) per metric on iron ore and other mined ores. For iron ore, it amounts to about 1% of the current price for prompt delivery. It was the second tax levied on the mining industry by a regional government in December. Brazil's Para state, home to of Vale’s Carajas system, imposed a tax of 6.45 reals on iron ore. Legislators in Minas Gerais justified the tax, according to Latinominería, claiming that mining companies should contribute more to the cost of policing their operations.According to Reuters, Vale said the tax was illegal and said it was seeking to contest it.

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