Recent Articles

Seven diamond miners form group to fight synthetics

Posted on May 29, 2015

But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.

Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

Posted on May 29, 2015

The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.

India’s appetite for fertilizers beats expectations — Phosagro

Posted on May 29, 2015

After being practically absent from the Indian market for two years, the Russian firm has signed a three-year supply contract with IPL.

Glencore lines up $15.25bn to refinance existing loans

Posted on May 29, 2015

A total of 60 banks committed to the financing, including 34 mandated lead arrangers and bookrunners.

Life hasn’t come back to Canada’s mining sector just yet — report

Posted on May 28, 2015

Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.

Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

Posted on May 28, 2015

She lost control of the family trust, which holds almost 25% of iron ore miner Hancock Prospecting.

Teck reacts to depressed coal prices by halting production at Canadian mines

Posted on May 28, 2015

The company says each of its six mines will be shut down for three weeks in the third quarter.

Wildfire spreads closer to Canada’s oil sands: hundreds evacuated

Posted on May 28, 2015

As of Wednesday night, there were 63 fires burning in the area and 13 were considered to be out of control.

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Posted on May 27, 2015

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

South Africa doesn’t have enough coal for power plants beyond 2016

Posted on May 27, 2015

Main power utility, Eskom, is struggling to meet demand in a country that depends on coal to generate 85% of its electricity.

Romania opens door to new gold, copper project led by Canadians

Posted on May 27, 2015

This is first time Romania grants a mining license without the involvement of a state-owned enterprise.

US to miss own emissions targets: report

Posted on May 27, 2015

Necessary tougher measures are likely to meet fierce Republican opposition.

No point in top iron ore miners cutting supply: Goldman

Posted on May 27, 2015

Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.

China eyes Canadian uranium miners — report

Posted on May 26, 2015

China needs supply for its 22 operating reactors and the other 24 currently are under construction.

Chile’s Codelco sues Vale, Brazilian Department of Mines over exploration license

Posted on May 26, 2015

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.

China to launch $16bn gold investment fund

Posted on May 26, 2015

The entity will be run by a new company to be established by gold producers and financial institutions.

Fortescue shares skyrocket on Chinese investment rumours

Posted on May 26, 2015

The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.

China’s Zijin inks deals with two Canadian firms on the same day

Posted on May 26, 2015

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

Posted on May 26, 2015

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Alrosa unearths 78.02-carat diamond from its Mir mine

Posted on May 25, 2015

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Posted on May 25, 2015

Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.

Barrick sells Cowal mine to Evolution Mining for $550 million

Posted on May 25, 2015

With the acquisition Evolution Mining will become Australia's second largest gold producer.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

Posted on May 25, 2015

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

US Congress passes bill on space mining

Posted on May 22, 2015

Welcome to the future.

Zijin Mining, Gold Fields among final bidders for Barrick's Australian gold mine

Posted on May 22, 2015

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.

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