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Buenaventura near term strategy puts Conga Gold Mine on the backburner, Yanacocha Gold Mine LoM being extended and studies to expand 4 other wholly-owned operations expected Q3 17.

Pallinghurst Resources faces a challenge at its newly acquired subsidiary Gemfields due to record debt that has been swelled by the expensive takeover defence mounted by the precious stones miner's former board.

Rio Tinto is rewarding shareholders with a total $US3B payout after stronger prices across its range of commodities helped it more than double profit for the June half-year.

The lesson for today is: don't ever doubt Glencore's capacity to get whatever it wants. It wanted control of the Hunter Valley Operations formerly owned by Rio Tinto subsidiary Coal & Allied, and that's just what it has gained in a new agreement with Yancoal Australia.

New mining royalties, some of which will come into effect immediately out to Nov, are set to lift Brazil’s revenues by 80%

Australia's No 3 iron ore producer Fortescue has dismissed fears of material financial impact following the success of a native title claim over land occupied by its Solomon Hub project, but the victors are said to be preparing to sue for millions of dollars.

The multi-billion dollar merger of Chinese mining giants China Minmetals and China National Gold has been flagged out of Beijing

Australian coal company Baralaba falls into administration after failure of $78M entitlement issue to fund the reopening of its Baralaba North PCI mine.

(UPDATE)
Miners warn that new legislation rushed through parliament by President John Magufuli's government risk driving out foreign investment in the economically important resources sector.

Foreign mining companies are targeted by new legislation being debated this week that could end over 30 years of relative calm that helped build Tanzania into Africa's fourth largest gold producer while providing over 1M jobs and a significant contributor to the national economy.

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