Posted on January 18, 2015
Acacia Mining Plc is looking to buy gold mines and exploration projects in Senegal, Mali and Ghana to expand in west Africa, Chief Executive Brad Gordon said.
Posted on January 14, 2015
Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound.
Posted on December 31, 2014
Gold edged down on higher shares on Wednesday, but was poised to end 2014 steady around $1,200 an ounce as the impact of a stronger dollar was offset by demand from investors worried about tensions in Russia and political uncertainty in Greece.
Posted on December 21, 2014
A flurry of acquisitions of high-quality coal assets by Japanese firms in recent weeks signals that some trading houses at least are betting a depressed coal market where prices have halved in three years may be bottoming out.
Posted on December 14, 2014
Gold edged lower on Friday as some buyers cashed in recent gains, but the metal remained on track for its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite, weighing on stocks.
Posted on December 3, 2014
South African earthmover manufacturer Bell Equipment announced plans on Wednesday to restructure and shed jobs, as mining industry customers delay spending in the face of falling commodity prices.
Posted on November 27, 2014
Colombia's mining regulator will be able to bring wait times for exploration and production permits back within legal limits in about a year after it has smoothed out the legal tangles that have bogged down its decisions, its chief said on Thursday.
Posted on November 26, 2014
The global mining sector has cut $20-25 billion in costs.
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.
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.
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.
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.
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.
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.
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.
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.
Posted on October 14, 2014
Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.
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.
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
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.
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.
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.
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.
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.
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.
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