Mining

Barrick Sells $1 Billion Stake in Donlin Gold

Barrick Sells $1 Billion Stake in Donlin Gold

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is selling its 50% part in the Donlin Gold Project in Alaska to Paulson Advisers LLC and NOVAGOLD Resources Inc. for $1 billion cash. Barrick also lets NOVAGOLD buy project debt for $90 million before closing,…

Rio Tinto $8.4B Investment Drives World Economic Growth

Rio Tinto $8.4B Investment Drives World Economic Growth

Rio Tinto 2024 Taxes and Royalties Paid Report is the company’s $8.4 billion payment to governments worldwide in taxes and royalties during 2024, down from $8.5 billion in 2023. Industry behemoth paid up to $6.3 billion (A$9.5 billion) in Australia alone, of which $3.7 billion (A$5.5 billion) was company tax. …

ICC Tribunal Orders Cominière to Pay $42M Penalty

ICC Tribunal Orders Cominière to Pay $42M Penalty

In a decisive ruling, the International Chamber of Commerce (ICC) tribunal has ordered La Congolaise d’Exploitation Minière (Cominière), a state-owned mining company, to pay a penalty of $42,290,000 plus interest for non-compliance with emergency orders. This ruling, dated March 10,…

South Africa’s 2025 Budget: Mining Sector Hit Hard

South Africa's 2025 Budget: Mining Sector Hit Hard

The Minerals Council South Africa (MCSA) has expressed concerns following the tabling of the 2025 National Budget, which highlighted urgent fiscal measures amidst sluggish economic growth. Finance Minister Enoch Godongwana announced significant tax hikes and fiscal adjustments aimed at stabilizing…