Recent Articles

Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

Posted on August 21, 2014

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

Vale secures key licence for flagship iron ore mine expansion

Posted on August 21, 2014

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Executive changes at Antofagasta Minerals, chairman stepping back

Posted on August 21, 2014

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Treasure hunt madness after $20,000 diamond falls from the sky

Posted on August 20, 2014

The gem is believed to have landed in a field near the village of Lea in Gainsborough, England.

Aggressive cost-cutting boosts silver miner Hochschild core profit

Posted on August 20, 2014

Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.

Mexican mining company lied on spill: government

Posted on August 20, 2014

Authorities said Grupo Mexico lied about a spill of 40,000 cubic meters of acids and heavy metals that contaminated two rivers and a dam in the northern state of Sonora.

Ghana’s new law could end illegal mining

Posted on August 20, 2014

The revised regulation will empower courts to confiscate equipment seized from illicit miners.

Brazil’s iron ore giant MMX to file for bankruptcy

Posted on August 19, 2014

Shares in the company fell by almost 8% on the news, hitting an all-time low.

Potash prices, oversupply scaring potential Jansen partners: BHP

Posted on August 19, 2014

Chief Executive Officer Andrew Mackenzie said the project ramains in BHP's main plans, but added the firm is not in a rush to develop it.

China coal mine explosion traps 29 workers

Posted on August 19, 2014

Last year alone 1,049 people were killed or went missing in mining-related accidents in China.

Gold Fields sells majority stake in Peruvian project to Buenaventura

Posted on August 19, 2014

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Aussie mining tycoon Palmer's aversion to China just went a bit too far

Posted on August 19, 2014

Clive Palmer has come under fire for labelling the Chinese government “mongrels” and “bastards” on national television.

Palladium skyrockets on Russia tensions, hits 13-year high

Posted on August 18, 2014

It hit $900 a troy ounce for the first time since 2001.

Ivanhoe picks banks to evaluate African copper projects

Posted on August 18, 2014

The strategic review will focus on the potential introduction of third-party strategic investors or joint-venture parties for the Kamoa and Kipushi copper projects in the DRC.

Demerged BHP may not hold on to coal assets for long: analysts

Posted on August 18, 2014

The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.

US firm claims Australia's biggest oil find in 30 years

Posted on August 18, 2014

Apache Corp. says the discovery may herald a new oil “province” for Australia.

Rio Tinto weighs stake in closed Papua New Guinea copper mine

Posted on August 18, 2014

The miner is reviewing all options on its 53.83% stake in Bougainville Copper, the operator of its Paguna mine, which has a potential gold and copper resource worth over $60 billion.

New rare earth mine coming to Western Australia

Posted on August 18, 2014

The proposed mine straddles the West Australian and Northern Territory border on the Browns Range Dome and is expected to produce 279,000 kg of dysprosium a year over its 10-year mine life.

Chinese rare earth alliance sues Hitachi Metals over patents

Posted on August 15, 2014

Hitachi holds over 600 neodymium iron boron magnet patents, but has authorized only eight Chinese companies to use them in a total of 149 patents.

This pink diamond may become one of the most valuable gems ever sold

Posted on August 15, 2014

The diamond is expected to fetch between $12.8 million and $15.4 million at auction on October 7.

Queensland approves rail line to coal port by Great Barrier Reef

Posted on August 15, 2014

Adani now only needs to get the federal government green light on the same railway to have all required permits in place.

Critics demand stronger action to tackle increased oil sands pollution

Posted on August 15, 2014

Levels of sulphur dioxide and nitrous dioxide — two chemicals that contribute to acid rain and smog — hit three on a scale where four is the maximum.

No end in sight for Centamin legal fight over gold mine in Egypt

Posted on August 14, 2014

An appeal case on the company’s right to mine in Egypt is seen taking until next year to resolve.

New York court to rule on most London gold fix lawsuits

Posted on August 14, 2014

The 18 cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing a putative class-action against the five banks that make up the fix.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Posted on August 14, 2014

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

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