Recent Articles

Austria plan to repatriate gold not linked to Brexit talk: Nowotny

Posted on May 28, 2015

Decision said to reflect trend among central banks.

Mali's mining earnings drop on lower gold production, prices

Posted on May 21, 2015

Mali's earnings from its gold-dominated mining sector slipped by around six percent to just under 206 billion CFA francs ($350.60 million) last year due to a drop in output and lower prices for the precious metal.

Barrick changes plan to halt Zambia mine over royalties row

Posted on April 23, 2015

Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.

Tax breakthrough at Rio Tinto's Mongolia copper mine — source

Posted on March 31, 2015

Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5 billion Oyu Tolgoi copper mine, according to an official familiar with the government's position.

Mining shares push European stocks to new multi-year highs

Posted on February 26, 2015

European shares rose on Thursday as a rally in metals prices pushed basic resources stocks higher.

Australia's Newcrest says open to sale of Telfer gold mine

Posted on February 15, 2015

Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.

Ending an era, CME Group to shutter most futures pits

Posted on February 5, 2015

The world's largest futures market operator will shutter almost all of its open-outcry futures pits by July 2, ringing the closing bell on a once-raucous tradition that has been in decline since the rise of computerized trading.

Amplats Q4 production drops by 17 pct after strike

Posted on January 28, 2015

Anglo American Platinum's production fell by 17% in the fourth quarter compared with a year ago due to a strike at its South African operation.

Antofagasta expects slightly weaker-than-expected copper output

Posted on January 28, 2015

Chilean mining firm Antofagasta expects a smaller-than-expected increase in production this year after posting annual output for 2014 in line with its guidance.

Acacia Mining seeking gold assets across west Africa

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.

Big global copper surplus? Mine cutbacks force rethink

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.

Gold down on higher shares, poised to end 2014 flat

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.

Turning point for coal? Japanese trading firms snap up coal assets

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.

Top gold ETF sees second straight weekly inflow

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.

South Africa's Bell Equipment to restructure and shed jobs

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.

Colombia mine regulator sees faster project licensing within a year

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.

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.

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