Recent Articles

Suppliers face loss-making deals as miners tighten screws

Posted on November 26, 2014

The global mining sector has cut $20-25 billion in costs.

Glencore, Mick Davis among suitors of Anglo American mines in Chile

Posted on November 14, 2014

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

BHP Billiton says scraps sale of Nickel West division

Posted on November 12, 2014

The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.

With dollar on a tear, gold and silver rout far from over: Poll

Posted on November 10, 2014

Gold's rout may be far from over, with many analysts and traders surveyed by Reuters predicting prices could fall to $1,000 per ounce by the end of the year, the first time at that level since 2009.

Xstrata founder Davis bids for Anglo American assets – Sunday Times

Posted on November 2, 2014

Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources.

Kinross to sell halted Ecuador gold project to Lundin company

Posted on October 26, 2014

Kinross Gold Corp has agreed to sell its halted Fruta del Norte gold project in Ecuador to a company belonging to the Swedish-Canadian Lundin family for $240 million, Kinross and the company, Fortress Minerals Corp. said.

Gold falls as stock markets firm and physical demand wanes

Posted on October 23, 2014

Gold fell on Thursday as stronger-than-expected economic data and upbeat corporate results lifted stocks in Europe and the United States.

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.

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