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BHP Billiton Paid $7.3b in Taxes in 2015

BHP Billiton yesterday released a new Economic contribution and payments to governments Report as part of its long-standing commitment to transparency and voluntary disclosure.

Thursday, September 24, 2015

Miner KGHM International to Cut 48 Jobs at Sudbury, Ontario

Miner KGHM International said it would cut 48 jobs at its Sudbury operations, in Ontario, as the company puts its McCreedy West mine under maintenance in response to weak commodity prices.

Tuesday, September 22, 2015

Sherritt Clips 2016 Budget and Suspends Quarterly Dividend

In order to protect its balance sheet in the face of depressed commodity prices, TSX-listed Sherritt International after market close on Thursday announced that the board had decided to suspend the C$0.01 per share quarterly dividend and to implement siginific...

Monday, September 21, 2015

St George Buys Nickel West Assets

Junior nickel and gold explorer St George Mining has entered into a binding agreement with diversified miner BHP Billiton’s Nickel West division, to acquire the Hawaii and Mt Alexander North nickel projects, in Western Australia.

Friday, September 18, 2015

Glencore Moves to Raise $2.5bn

Diversified mining and marketing company Glencore is taking steps to raise $2.5-billion worth of equity capital by placing shares with existing and new institutional shareholders as well as directors and employees.

Thursday, September 17, 2015

Silver Swan Sale Falls Through

Nickel miner Poseidon Nickel is developing an alternate strategy for its Silver Swan project after a sales agreement with Caeneus Minerals fell through.

Tuesday, September 15, 2015

Zambia Nickel Project Nearing Completion

It is expected that base-metals miner First Quantum Mineral’s Enterprise nickel mine will start operation later this year or in 2016, depending on nickel market conditions.

Friday, September 11, 2015

Zambian Mining to Experience Downturn

The Zambian mining sector is reeling from the effects of the global commodity-demand slowdown, which is mainly attributed to lower demand from China, and lower copper prices, says strategy and communications consultancy africapractice regional analyst Sinethem...

Friday, September 11, 2015
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