Latest Western Province Stories
TORONTO, June 2 /PRNewswire-FirstCall/ - Inmet Mining Corporation (IMN-TSX) announced that it has reached an understanding to exchange its 18 percent equity interest in Ok Tedi Mining Limited (OTML) for a 5 percent net smelter return (NSR) royalty on revenues of product from the Ok Tedi mine. The proposed transaction has been structured to be neutral on a net asset value basis and to enable OTML to pursue certain projects outside the scope of its current activities while insulating Inmet's...
Australian officials say water supplies in parts of north Queensland have been contaminated by mine waste discharged in recent flooding. The Australian Environmental Protection Agency said landowners downstream of the Lady Annie copper mine have been ordered not to drink water or swim in Saga and Inca