The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality, as Prime Minister Arseniy Yatsenyuk is leading the great deception.
Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.
The U.S. No.1 coal producer projects a much wider-than-expected loss for the current quarter.
The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
The central Africa nation may also lose its position as the continent’s top copper producer.
Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016
It also said it has reduced its net debt balance by more than $400 million.
Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
As the polar vortex froze much of the U.S. at the beginning 2014, the period of intense cold created demand, supply and transportations factors that led to the highest prices for power and spot gas seen over the past five years.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
World number one miner BHP Billiton achieved record production for eight operations and five commodities over the last six months.
The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.
The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.
European thermal coal for delivery next year extended losses as plummeting oil prices reduced mining costs and an oversupply of the mineral in the seaborne market was forecast to treble.
Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.
An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
Polish coal mining giant Kompania Weglowa will be restructured in an attempt to cut costs and rescue the company from a second year of losses.
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