Recent Articles

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.

Gold retreats from 6-1/2 month high as dollar firms

Posted on September 24, 2012

Gold prices eased nearly 1 percent on Monday, pulling back from the previous session's 6-1/2 month high, as the dollar rose and assets seen as higher risk, like stocks, the euro and other commodities like crude oil, retreated.

Suncor begins 6-week turnaround at oil sands upgrader unit

Posted on September 7, 2012

Suncor Energy Inc has begun a planned six-week maintenance turnaround on a vacuum tower for an upgrader at its northern Alberta oil sands operations, Sneh Seetal, a spokeswoman for the company, said on Friday.

KGHM copper's Canadian unit returns to profit -CEO

Posted on September 4, 2012

Europe's No.2 copper producer KGHM said on Tuesday its recently acquired Canadian unit Quadra FNX had returned to profit after the first seven months of the year.

Israel diamond industry boosted by lab opening

Posted on September 4, 2012

The Gemological Institute of America (GIA) opened its first laboratory in Israel on Monday, giving a boost to the country's diamond industry, one of its largest export earners.

South Africa's gold sector also hit with wage hike demands

Posted on August 27, 2012

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until the middle of next year, the country's chamber of mines said on Monday.

Baltic index pushed by rising capesize rates

Posted on August 26, 2012

The Baltic Exchange's main sea freight index, which is used to track rates for ships carrying dry commodities, rose marginally on Friday due to increased activity in the capesize segment.

Iron Ore-Slump extends; ore below $100, Shanghai rebar at record low

Posted on August 26, 2012

Shanghai steel futures stretched their losing streak to a 10th day on Friday, hitting a record low and giving steel producers more reason to shun iron ore cargoes as prices of the raw material dropped below $100 for the first …

Gunmen attack airport in Congo mining hub

Posted on August 8, 2012

Unidentified gunmen attacked the airport in the Congolese mining town of Lubumbashi early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of fighting, police said.

As Australia commodities sag, A$ unable to play stimulus role

Posted on July 29, 2012

Sliding commodity prices cloud outlook for exports, investment, but A$ defies gravity.

Coal train hits truck in South Africa, 24 dead

Posted on July 14, 2012

A coal train ploughed into a farm truck at a level crossing in South Africa on Friday, cutting it in half and killing 24 workers on their way to pick fruit – the latest tragedy to hit the country's ageing rail network.

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