Recent Articles

Canadian miners the world’s top buyers of assets in 2014

Posted on March 2, 2015

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

American junior finds rare earth deposit on old gold concession

Posted on March 2, 2015

New World Gold Corp. executives say that since the discovery several companies, including a Chinese group, have approached them with offers.

Greece deals major blow to Eldorado’s Skouries mine

Posted on March 2, 2015

The company said it has been blocked from completing construction of a processing plant at the site.

Poor market conditions put major chill on global exploration

Posted on March 2, 2015

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.

Alrosa sells bank, to focus exclusively on diamond mining

Posted on March 2, 2015

The miner owned an 84.66% stake in LLC MAK-Bank.

VIDEO: CAT lights up lantern festival in remote Chinese village

Posted on February 27, 2015

The equipment maker brings the Lanter Festival to a remote Chinese village.

Glencore slashes Australian coal production

Posted on February 27, 2015

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

Posted on February 26, 2015

The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.

Apple buying a third of world’s gold to meet demand for iWatch

Posted on February 26, 2015

Interest in the high-end model, featuring 18-karat gold casing, is picking up.

Reopening of controversial Spanish copper mine sparks heated debate

Posted on February 26, 2015

The contract has been awarded to a consortium headed by Grupo Mexico, the same company responsible of a major toxic spill in Sonora last year.

Poor provincial grade disputed by BC mining group

Posted on February 26, 2015

The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.

Will a dry spell in Chile curb a global oversupply of copper?

Posted on February 25, 2015

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

Rio's Turquoise Hill gets rid of remaining stake in SouthGobi

Posted on February 25, 2015

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

IMAGE GALLERY: Here is what CAT’s new headquarters will look like

Posted on February 25, 2015

Take a peek at the six-block campus Caterpillar plans to build.

Greek govt. vows not to touch Eldorado’s mine

Posted on February 25, 2015

But it is going ahead with a thorough review of permits related to a proposed processing plant at the site.

Canada's oil sands cash flows set to drop by $21 billion

Posted on February 24, 2015

Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

BHP pins hopes on spin-off South32

Posted on February 24, 2015

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Maine’s mining rules review may open door to Canadian gold, copper project

Posted on February 24, 2015

Canada's J.D. Irving Ltd. hopes to build a massive open-pit copper and gold mine at the state's Bald Mountain.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

Posted on February 24, 2015

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

Australia’s Hunter Valley coal's health bill more than $460m a year

Posted on February 23, 2015

The figure, estimated by doctors, is based on the health costs and lost productivity from coal-related respiratory and cardiac issues.

All workers rescued at Harmony's mine, but profit to take a hit

Posted on February 23, 2015

The mine, Harmony's single largest gold producer, will likely remain closed for an indefinite period while a probe is held.

Zambia eases tax rules, to start refund talks on a ‘company-by-company basis’

Posted on February 23, 2015

The new rules only apply to future payments and not amounts already owed.

Russia opens its largest coal mine

Posted on February 23, 2015

The Arshanovsky open cut mine is expected to yield 10 million tonnes of coal a year once at full capacity.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Posted on February 22, 2015

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Posted on February 22, 2015

Specially trained rescue teams continue their efforts to save the remaining employees, said the company.

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