Reuters

Sandvik parries mining doldrums as profit slides less than forecast

Years of soft commodity prices have depressed demand for mining equipment as miners cut costs and shutter unprofitable sites.

US says China to scrap some export subsidies

China has agreed to scrap some export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing to reduce trade frictions with Washington.

Africa gold producers wary despite price rebound

A steep rise in gold prices may have given hope to a battered mining industry, but producers in Africa are still too wary to call the bad times over.

Indonesian group to buy control of Newmont unit for $2 billion

Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.

Sex trafficking 'staggering' in illegal Latin American gold mines-researchers

Thousands of people working there are prey to labour exploitation by organised crime groups, a think-tank said on Wednesday.

Largest mining equity rally in years built on shaky foundations

The benchmark FTSE 350 mining index, which tracks the performance of the UK's 11 biggest listed miners, is up 26% this year.

Indonesia could deplete coal reserves by 2033 – PwC

Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.

Cameco slowly expands world's biggest uranium mine, betting on recovery

Cameco's McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year.

South African government, mining firms agree to delay 16,000 job cuts

The deal also proposes facilitating the sale of struggling mines.

Eritrea looks to build mining sector to kick-start economy

The country aims to have four mines in operation by 2018 producing gold, copper, zinc and potash.

Creditors of bankrupt rare earths miner Molycorp reach deal

Should help clear the way for the company to exit bankruptcy.

Chile's small-scale miners battling to stay afloat amid copper rout

They are at the sharp end of a commodities downturn which has led half of all the small mining operations in top copper exporter Chile to shut in the last eight years.

New technology helping keep miners afloat but prices still under water

Gold miners in particular have stepped up technology investment within a falling capex budget, as the metal price in producers’ currencies has held up much better than other commodities.

Canadian companies sell "jewels" to keep oil sands afloat

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.

China FX reserves fall almost $100 bln to lowest since May 2012

The size of the drop was second only to the $107.9 billion fall in December, the largest monthly decline on record.

New Indian rule backfires, boosts unofficial gold trade

The government's latest attempt to control gold imports has boosted unofficial trading in the world's second-biggest gold consumer.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Canada's Royal Nickel turns producer with two acquisitions

Picks up private Australian nickel and gold mine and stake in Manitoba copper mine from VMS Ventures.

Indonesia, Freeport fail to reach deal over copper export permit

The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.

India's gold bonds seen luring investors in search of safe haven

The second tranche of India's sovereign gold bonds, whose sale began on Monday, is likely to draw good response from investors.

Warm weather threatens vital ice road for Canada’s remote diamond mines

Unseasonably warm weather has set back ice formation on one of Canada's most unique ice road.

Japan court clears way to restarting Kansai Electric nuclear plants

"The decision is extremely improper, underlining an unwillingness to learn from the Fukushima Daiichi disaster."

Zambian copper mining under threat, stable rules needed

Hit by a slump in copper prices, Zambia should maintain stable mining policies and taxes to avoid losing out to new, lower cost mines elsewhere, said the Chamber of Mines President Nathan Chishimba.

Austria says it has repatriated 15 tonnes of gold from London

Austria has repatriated 15 tonnes of its gold reserves as part of a plan to hold half its stock of the precious metal within the country's borders.

Glencore could sell its troubled South African Optimum coal mine

Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said.