Mining industry
Francis Ona, the reclusive leader of the Meekamui Movement, has revealed that his group has been secretly funding its secessionist activities by selling gold from the Panguna mine, which sparked a decade-long conflict on Bougainville. The mine, owned by Bougainville Copper Ltd (BCL), was shut down due to the conflict,
Mining industry
Peru's Energy and Mines Ministry has reported mixed results in the country's mineral output for April, with some commodities seeing significant declines while others experience increases. The numbers are a reflection of the country's diverse mining landscape, which includes players such as Minera Yanacocha
Mining industry
Phelps Dodge Corp.'s mining unit has announced plans to build a large-scale copper concentrate leaching and direct electrowinning facility at its copper mine in Morenci, Arizona. The company will employ its own technology to process mixed primary and secondary copper ores, a process currently being demonstrated at its
Mining industry
Falconbridge Ltd., a leading nickel and copper producer, forecasts a market deficit of 16,000 metric tons of nickel this year, according to Santo Ranieri, the company's director of research. However, the deficit is expected to dwindle in 2006 to a near-balance between nickel supply and demand, driven
Mining industry
Barrick Gold Corporation and Falconbridge Limited have finalized a joint-venture agreement regarding the Kabanga nickel deposit in Tanzania. Under the terms of the agreement, Falconbridge has acquired a 50% indirect joint-venture interest in the Kabanga Project for $15 million and will be the operator of the joint venture. Falconbridge will
