Bloomberg News

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

'Let's make Vale private again,' but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

Trudeau cabinet minister quits amid SNC-Lavalin controversy

The statement doesn’t offer a reason for her departure.

China scoops up more gold for reserves as global risks mount

While China’s holdings are the sixth largest by country, they account for only 2.4 percent of reserves, compared with more than 70 percent in Germany and the US.

Inside the global iron ore crisis: What's next in four charts

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Iron ore futures tumble in Singapore as Vale-driven rally frays

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.

$58-billion Pacific mine claim seen at risk as referendum nears

The Panguna mine has an estimated 5.3 million metric tons of copper and 19.3 million ounces of gold, according to BCL, worth about $58 billion.

Trudeau faces ethics investigation over SNC-Lavalin case

“Again, all we’ve heard are allegations in a newspaper. The prime minister has said that these allegations are false.”

As Maduro digs in, his aides hunt for emergency escape route

Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?

First US coal plant in years opens where no options exist

To boost coal use in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.

Italian populists target huge gold reserves and some cry foul

The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government.

SNC-Lavalin issues new profit warning on Latin America mining contract

SNC didn’t identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile’s state-owned producer.

Fastest-growing gold ETF using fee war to redefine industry

GraniteShares Gold Trust founder, Will Rhind, is in the midst of a fee war with his former employer and other ETFs that’s helped boost his fund’s value to $458 million, from less than $12 million a year earlier.

Goldman and its biggest critic agree on iron ore, finally…

In the near term, the significant disruption to Brazilian supply will likely keep iron ore prices elevated and volatile.

Glencore cuts workers at Congo copper and cobalt mine

The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.

Iron ore powers to highest since 2014 as Vale crisis intensifies

This week’s drama has played out as the most important iron ore user has been offline, with Chinese markets closed for Lunar New Year.

Maduro sold 40% of Venezuela's gold last year amid cash crunch

The government sold a total of 73 tonnes of gold to two firms in the United Arab Emirates and another in Turkey.

Samarco said to reboot creditor talks after Vale Dam disaster

Creditors rejected Samarco’s offer to treat the injections as senior or pari-passu debt.

Zambian finance chief holds firm on higher mining royalties

“There is no renegotiation taking place because a law has been passed in parliament to change the tax regime."

Sibanye sees potential for buying South African gold assets

“You don’t create value for your shareholders when it’s a fashion or a feeding frenzy" - Neal Froneman

Africa Mining Indaba: 'Let's talk,' Ramaphosa tells producers

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Vale iron-ore mine halt risks 'incremental supply shock'

Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year

Palladium rally offers lifeline to buoy South African miners

Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry.

South Africa's rand shows its mettle as iron ore prices surge

If you are searching for clues on how the rand will move next, watch the iron-ore price.

Gold miners get their mojo back as giant deals revive allure

After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.