Recent Articles

Caterpillar global sales down 10% in September

Posted on October 22, 2014

The equipment maker is scheduled to report third-quarter earnings Thursday.

Massive gold nugget for sale in California

Posted on October 22, 2014

It's expected to fetch in the $400,000 range.

China to scrap tariffs on Australian coal

Posted on October 22, 2014

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

African Minerals founder to buy broke London Mining's Sierra Leone assets

Posted on October 22, 2014

Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.

Horse breeders win coal mine expansion fight against Anglo American

Posted on October 22, 2014

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

African Potash stock up on fresh potash finding in Congo

Posted on October 21, 2014

The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.

Citibank acquires Deutsche commodities trading book

Posted on October 21, 2014

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Chile’s Codelco to seal $1 billion deal with the UK

Posted on October 21, 2014

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.

India diamond merchant boss gives 500 cars, 200 apts to employees

Posted on October 21, 2014

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

Russian diamond giant Alrosa Q3 output falls

Posted on October 20, 2014

The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.

China sets tougher restrictions on illegal mining, exporting of rare earths

Posted on October 20, 2014

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

Polish coal miner slashes production forecast amid restructuring

Posted on October 20, 2014

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Hundreds strike at Glencore’s coal mine in South Africa

Posted on October 20, 2014

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

TECO Energy sells coal subsidiary for $170 million

Posted on October 20, 2014

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.

Peabody swings to loss as coal prices plunge

Posted on October 20, 2014

While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.

One of these five companies will run the gold fix

Posted on October 20, 2014

Broker Autilla Ltd (Sapient), the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental Exchange, the London Metal Exchange and broker ICAP's online platform EBS will present their proposals this Friday.

Mining investment in Kazakhstan to reach $30bn by 2017

Posted on October 20, 2014

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Chilean authorities divided over Goldcorp's $3.9bn El Morro mine

Posted on October 17, 2014

The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.

Vale to ditch 20% of its nickel assets in Indonesia

Posted on October 17, 2014

The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Posted on October 17, 2014

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Posted on October 17, 2014

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Chile’s copper exports down 21% in August

Posted on October 16, 2014

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

Renewables would boost First Nations’ support for mining in Ontario: poll

Posted on October 16, 2014

About 71% of the Northern Ontario First Nation community residents surveyed believe the provincial government is not doing enough to promote renewables.

Brazil’s iron ore giant MMX seeks bankruptcy protection

Posted on October 16, 2014

Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.

BHP bows to pressure, to list spinoff in London

Posted on October 16, 2014

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

More »