Recent Articles

Gold miners' outstanding forward sales jump 61 pct in Q2— report

Posted on October 22, 2014

The volume of gold sold forward by mining companies jumped 61% in the second quarter after Russia's Polyus Gold added a major new hedge position, an industry report showed on Wednesday.

Chile copper boom begins to fade as production headaches mount

Posted on October 17, 2014

The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.

South Africa considers declaring certain minerals as strategic

Posted on October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

Gold rises, global growth worries spark safe-haven bids

Posted on October 8, 2014

Gold was unchanged on Wednesday as growing concerns over the global economy prompted safe-haven bids, while the return of top consumer China from a week-long holiday also lifted prices.

Copper falls, economic data in focus

Posted on October 2, 2014

Copper slipped on Thursday, with prices vulnerable to further pressure from the dollar's recent strength as investors awaited fresh data for further clues on the health of the U.S. economy and the outlook for interest rates

Amara Mining's Ivory Coast gold mine to start production in 2017

Posted on October 1, 2014

Amara Mining will invest $400 million over the next two years to build one of Africa's largest gold mines at its Yaoure property in Ivory Coast with production due to start in 2017.

Open-pit mining suspended after four killed at Freeport Indonesia's copper mine

Posted on September 28, 2014

Freeport-McMoRan Inc temporarily suspended open-pit mining at its Indonesian mine on Saturday, a company statement said, after four people died in an accident at one of the world's biggest copper mines.

Anglo American says wins license for slurry pipe at Brazil mine

Posted on September 24, 2014

Miner Anglo American said on Wednesday it won environmental regulatory approval to operate the slurry pipe at its Brazilian iron-ore project Minas Rio, a crucial step in meeting a deadline to enter production by the end of the year.

Mali to boost funding and policing of artisanal gold mining

Posted on September 21, 2014

Mali plans to boost funding opportunities for its artisanal miners and to improve the policing of a sector that produces about a third of the country's gold exports, officials said on Thursday at the start of a mining reform meeting.

Randgold says AngloGold stake in Kibali mine too pricey

Posted on September 16, 2014

CEO Mark Bristow spoke in response to a suggestion from Investec analysts that Randgold buy AngloGold's 45-percent stake in the mine.

JSW Steel raises iron ore imports to six mln tonnes in a year

Posted on July 9, 2014

JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.

South African central bank chief forgoes salary hike

Posted on June 25, 2014

Gill Marcus received a 0.4% pay rise this year, indicating that one of the most prominent opponents of excessive executive pay in Africa's most advanced economy practises what she preaches.

India expands uranium enrichment

Posted on June 23, 2014

India is expanding a covert uranium enrichment plant that could potentially support the development of thermonuclear weapons, a defense research group says, raising the stakes in a regional arms race with China and Pakistan.

Glencore could agree sale of copper mine to Minmetals this week

Posted on March 17, 2014

Peruvian copper mine Las Bambas expected to fetch $5-6 billion.

India gets discounts on existing potash deals – officials

Posted on September 3, 2013

Potash suppliers have agreed to cut prices for Indian buyers on existing contracts to help them cope with the impact of a weaker rupee.

Mongolia, Rio Tinto playing high stakes on copper mine: Clyde Russell

Posted on August 20, 2013

Mongolia's reputation as a desirable investment destination has taken a battering recently.

James River Coal cuts costs to blunt impact of low prices

Posted on August 9, 2013

James River Coal Co reported a smaller-than-expected quarterly loss as cost cutting made up for a sharp decline in coal prices and shipments.

Mining equipment makers rise to efficiency challenge

Posted on June 20, 2013

Mining equipment manufacturers are making improvements to machinery that they hope will deliver productivity gains for customers and counter falling orders.

Gold heads for best week in four as stocks retreat

Posted on May 24, 2013

Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.

Analysis: Gold faces more pressure as inflation stays tame

Posted on May 24, 2013

Gold prices are looking even more vulnerable after April's price crash.

Cliffs profit falls as iron ore shipments drop

Posted on April 24, 2013

Company reported a drop in quarterly profit on Wednesday as lower iron ore sales weighed on its revenue.

Gold Fields La Cima SAA announces resignation of its Chief Executive Officer

Posted on January 30, 2013

Gold Fields La Cima SAA announced that Mr. Juan Luis Alfredo Kruger Sayan has resigned from his posts of Chief Executive Officer effective March 15, 2013

S.Africa replaces India as China's No 3 iron ore supplier

Posted on January 21, 2013

South Africa overtook India to become China's third-biggest iron ore supplier in 2012, while Australia strengthened its dominant position as the major supplier to Beijing, data from customs showed on Monday.

Potash Ridge Corp closes initial public offering

Posted on December 5, 2012

Potash Ridge Corp announced the closing of its initial public offering (the Offering) of its common shares (the Shares).

Steel slump puts crimp in Labrador Trough

Posted on December 2, 2012

Iron ore price slump hurts development in region.

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