Leading Developments

Latin America

Coeur Mining has announced an updated and re-scoped mine plan and preliminary economic assessment for its Palmarejo silver and gold operations in southwestern Chihuahua state, Mexico. Under the new...
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Africa

Anglo American Platinum (Amplats) announced on July 21 that it is offering for sale its Rustenburg and Union mines and its interest in the Pandora joint venture in South Africa. The company is also...
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Asia

Alrosa has commissioned the Udachny underground diamond mine in the Sakha Republic, eastern Russia, at the site of a surface mining operation that began in 1971. Upon reaching its design capacity of 4...
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US & Canada

Pretium Resources has announced the results of an updated NI 43-101-compliant feasibility study of its high-grade, underground Brucejack gold-silver project in northern British Columbia. Tetra Tech...
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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.

Precious Metals ($/oz)

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