Recent Articles

Landslide halts rescue efforts at Turkish mine

Posted on October 30, 2014

Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.

Weak iron ore prices cause Vale $1.44 billion loss in Q3

Posted on October 30, 2014

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Goldcorp takes $36 million writedown on Mexican mine

Posted on October 30, 2014

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Barrick boosts ties with China, names Woo Lee as regional leader

Posted on October 30, 2014

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

Vale’s CEO shortlisted to be Brazil’s new finance minister

Posted on October 29, 2014

Analysts say only a business-friendly appointment followed by credible action to strengthen the fiscal accounts and control inflation would reassure markets.

Space miner loses first satellite in rocket explosion

Posted on October 29, 2014

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Hopes for workers trapped in Turkish coal mine quickly fading

Posted on October 29, 2014

Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.

Chile passes historic law to aid copper giant Codelco

Posted on October 29, 2014

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

Nova Scotia to use fracking waste at cement plant

Posted on October 29, 2014

Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.

Russia pushes forward plans to mine the moon

Posted on October 28, 2014

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.

Former Anglo’s senior exec. said to have taken $3.5 million from firm

Posted on October 28, 2014

Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.

At least 18 Turkish miners trapped in coal mine after collapse

Posted on October 28, 2014

Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

Posted on October 28, 2014

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

CHARTS: This is how much gold miners really put into their host countries

Posted on October 27, 2014

Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.

China’s September gold imports hit five-month high

Posted on October 27, 2014

Total gold imports from Hong Kong totalled 91.745 tonnes, as the nation observed its annual holiday the first week of October, a time when millions of people travel and spend more than usual.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Posted on October 27, 2014

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

BHP to sell US shale assets, limit annual capex to $14 billion

Posted on October 27, 2014

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

This firm has more than half the copper in LME warehouses

Posted on October 27, 2014

That is worth around $534-$854 million, based on prices of $6,675 per tonne.

Brazil’s Vale close to becoming world’s largest nickel producer

Posted on October 24, 2014

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.

India closer to ending decades-old state monopoly on coal

Posted on October 24, 2014

The country is opening coal mining to private firms.

Kinder Morgan wins battle over pipeline expansion in Canada

Posted on October 24, 2014

The National Energy Board said Kinder Morgan can conduct survey work at Burnaby Mountain, despite opposition from the city.

Potash Corp remains confident of market outlook despite weak prices

Posted on October 24, 2014

The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.

Asian gold demand up as India’s Diwali boost sales

Posted on October 23, 2014

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

Boart Longyear gets $352m financial bail out

Posted on October 23, 2014

Saved by the bell.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Posted on October 23, 2014

The move is seen by analysts as an attempt to strengthen the firm’s image.

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