Recent Articles

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.

Caterpillar posts strong results despite poor mining sales

Posted on October 23, 2014

The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.

African Barrick cuts costs, to acquire more gold assets in 2015

Posted on October 23, 2014

Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.

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.

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