Asia

Vedanta Completes Cairn Merger India’s metal and mineral major, Vedanta is awaiting the final nod from central bank, Reserve Bank of India (RBI) to complete the proposed merger with its energy...
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Africa

Ivanhoe Starts Work on Shaft 2 at Platreef Ivanhoe Mines is initiating early-works construction for Shaft 2 at the Platreef platinum-group-metals, nickel, copper, and gold project on the Northern...
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Latin America

Leagold Acquires Los Filos Gold Mine from GoldcorpLeagold Mining, a Canadian company headquartered in Vancouver, British Columbia, has acquired the Los Filos gold mine in Guerrero state, Mexico from...
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Leading Developments

TMAC Resources Inc. (TMAC) announced that commercial production was achieved on May 15 at its Doris mine and mill complex situated on the company’s Hope Bay property located in the Kitikmeot region...

US & Canada

PSC: Rocanville Ramp-up Well Underway PotashCorp of Saskatchewan (PCS) said that its potash portfolio optimization and cost reduction strategy, which includes the ramp-up of its low-cost Rocanville mine,...
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Europe

Boliden: Mine Production Attains Record Level Boliden’s first quarter report was characterized by strong levels of mined production and stable production at the copper smelters. “The metal prices...
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Australia & Oceania

Rio Tinto Deals with Bad Weather In its first quarter production report, Rio Tinto said it shipped 76.7 million metric tons (mt) of iron ore from the Pilbara. The 13% quarter-to-quarter decrease was...


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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