Recent Articles

Quebec sets conditions for TransCanada as poll shows falling support for pipeline

Posted on November 20, 2014

TransCanada Corp’s key projects face increasing hurdles locally and across the border.

Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

Posted on November 20, 2014

The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

Gold price crushed to deter support for Swiss initiative: report

Posted on November 20, 2014

British fund manager Ben Davies says that gold prices’ most recent collapse is part of central bank efforts to discourage Swiss voters from supporting the gold initiative to be decided at referendum on November 30.

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Posted on November 20, 2014

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Posted on November 20, 2014

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

Nickel close to month-high as Indonesia keeps ore ban

Posted on November 19, 2014

The country effectively halted all but processed metal shipments in January in an effort to force miners to build smelters.

Peru blows up machines to scare away illegal gold miners

Posted on November 19, 2014

Just weeks before the country hosts U.N.-sponsored climate talks.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Posted on November 19, 2014

Closing the mine will cost $650 million to $700 million over the next five years.

A Russian miner, a good camera, the arctic tundra: here’s the result

Posted on November 19, 2014

Ivan Kislov is a young Russian mining engineer who spends his breaks taking breath-taking photographs of wild animals, mostly foxes, in the arctic tundra.

Strike at Peru's top copper mine not hurting output: firm

Posted on November 18, 2014

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

South African miners to tackle lung disease claims

Posted on November 18, 2014

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

Uralkali stock plummets on evacuation of potash mine

Posted on November 18, 2014

The world’s largest potash supplier had to evacuate workers from its Solikamsk-2 mine in Russia’s Perm region due to an increase in brine inflow.

Stans mining licence rightfully acquired — Kyrgyz Supreme Court

Posted on November 18, 2014

Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine in December 2009, but a local company had claimed being the rightful owner of such permit.

Blood diamonds still at Central African mining sector’s heart

Posted on November 18, 2014

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

Adani lines up $1bn for Australia’s Carmichael coal complex

Posted on November 18, 2014

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

German scientist makes diamonds from peanut butter

Posted on November 17, 2014

It’s probably one of the first cases ever reported where the tasty spread has been used to produce synthetic gems.

Final decision on Keystone XL pipeline may end up in Nebraska’s hands

Posted on November 17, 2014

While most senators support the pipeline, a binding vote has not been held in the Senate under a Democratic majority since 2012.

Osisko to buy Virginia Mines for $424m, merge gold assets

Posted on November 17, 2014

The friendly deal creates a tMontreal-based gold-royalty company with a market capitalization of about $1.15 billion (Cdn$1.3 billion).

Vale iron ore chief abandons ship amid price crisis

Posted on November 17, 2014

The world's largest iron ore producer said the new division head will focus on increasing efficiencies.

Rio Tinto, Sinosteel extend Australian iron ore joint venture

Posted on November 17, 2014

The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.

Obama blasts Keystone as U.S. House votes in favour of approving it

Posted on November 14, 2014

Veto likely if passed by Congress.

BHP abandons Venus nickel project in Australia

Posted on November 14, 2014

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

Glencore shutting Australian coal mines over Christmas

Posted on November 14, 2014

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

Canadian miners performance down 15% in Q3 on falling metal prices

Posted on November 13, 2014

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

BHP, Rio Tinto call for global deal to push clean coal

Posted on November 13, 2014

Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.

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