Recent Articles

Freeport, Indonesia make peace: copper exports to resume in August

Posted on July 25, 2014

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

Gold fix operator picks committee to oversee spot price

Posted on July 25, 2014

The company’s new board is made up of compliance officers at the four banks that currently operate the gold prices setting process.

Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

Posted on July 25, 2014

The company says its future depends on the Andina mine expansion, as dwindling ore grades in its old mines are expected to bring annual output down.

Miners need to overhaul business model to boost productivity: study

Posted on July 25, 2014

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

This cell phone was charged with apples, potatoes and copper wire

Posted on July 25, 2014

The functional art installation was created outside a shopping centre in London.

Chile’s Escondida mine boosts BHP copper output

Posted on July 24, 2014

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

Posted on July 24, 2014

About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.

Teck Resources' profit hit by lower coal prices

Posted on July 24, 2014

The price drop overshadowed the miner’s coal sales increase during the quarter, which totalled 6.8 million tonnes, compared with 6.3 million tonnes a year earlier.

This Aussie town lets people pay for a hotel room with gold

Posted on July 24, 2014

They can also buy a car and even pay visits to the local doctor with the shiny yellow metal.

Caterpillar profit beats estimates but sales fall

Posted on July 24, 2014

Construction, not mining lifts the machinery giant's second-quarter results.

Old Welsh mine turned into giant trampoline park

Posted on July 24, 2014

An abandoned 176-year old underground slate mine in North Wales has reopened, but as a gigantic trampoline theme park.

China’s falling out of love with gold, demand drops 19%

Posted on July 23, 2014

Gold consumption in the country fell to 569.5 tonnes, with the weakness in the yuan adding to higher spot prices.

Rio Tinto planning Australia’s largest iron ore mine

Posted on July 23, 2014

The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.

UN opens up more deep sea areas for mining, issues seven new licences

Posted on July 23, 2014

State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.

BHP Billiton wants bigger share of the iron ore market

Posted on July 23, 2014

BHP’s major vote of confidence in iron ore proves the company trusts it can mine the bulk commodity for less than many rival producers, and thrive even in an environment of weakening prices.

Anglo American iron ore division earnings fall, but beat estimates

Posted on July 22, 2014

Anglo's unit Kumba plans to almost double production by 2030.

De Beers changing its diamond sales model

Posted on July 22, 2014

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Indonesia lifts six-month ban of metal concentrate exports

Posted on July 22, 2014

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

London Metal Exchange traders fined for standing up

Posted on July 22, 2014

Following a 19th century tradition traders today must sit on the red leather sofas arranged in a 20-foot diameter inner ring.

South Portland bans Canada’s oil sands

Posted on July 22, 2014

Enbridge's Line 9 reversal project threatened after Maine city council opposes exporting Alberta oil.

Newcrest shareholders sue miner over disclosure breaches

Posted on July 22, 2014

The miner, which has already settled for $1.2 million with the Australian Securities and Investments Commission, has vowed to vigorously defend the class action.

Opposition, new safety rules to test the oil by rail model

Posted on July 21, 2014

Pipelines, however, have proven to be neither an easier nor a cheaper solution.

Work resumes at New Zealand Escarpment coal mine

Posted on July 21, 2014

Current activities are paving way for coal storage, site infrastructure and initial earthworks for the installation of water management systems.

Anglo American platinum names mines to be sold

Posted on July 21, 2014

The mines account for over half of the company's workforce but only a quarter of production.

Diamond miner Alrosa's output down 16%

Posted on July 21, 2014

The world's No.1 diamond company by output also said its diamond production dipped in the first half of 2014 by 7%, standing at 15.9 million carats.

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