The cuts include scaling back some operations and deferring projects. Further job cuts to follow.
The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.
Mining companies in Western Australia have massively reduced their exploration budgets, a new survey has found.
Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.
Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.
Korean scientists create a cheap, flexible steel with a strength to weight ratio of today's best titanium alloys using a nickel catalyst.
In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.
The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.
World number one miner notches "productivity gains" of $2.4 billion as profits fall 47% in second half of 2014.
US citizen Justin Kapla and two Philippine nationals sentenced to 5 – 6 years in jail while working for coal miner SouthGobi appeal to Mongolian president.
India's government says to be committed to bringing transparency in the allocation of natural resources including coal.
The figure, estimated by doctors, is based on the health costs and lost productivity from coal-related respiratory and cardiac issues.
Chinese companies press forward with plans to process coal into other fuels, despite water scarcity and excess climate change pollution
The Arshanovsky open cut mine is expected to yield 10 million tonnes of coal a year once at full capacity.
Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.
After methane gas explosion triggered a collapse in a coal mine located about 145 km. off the provincial capital of Quetta.
Thermal coal prices have jumped 22% in a month as mines close. Surging Indian imports, set to overtake China's in 2015, will support prices longer term.
Workers at Europe's largest coking coal miner Jastrzebska Spolka, Weglowa returned to work Monday after union leaders suspended a strike following a statement by the company's CEO that he would resign if they did so.
Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.
Teck Resources Limited (TSX:TCK.B) saw its 2014 profit fall by more than half compared with 2013 as copper and steelmaking coal prices remained low throughout the year.
Technologies such as high efficiency, low emissions (HELE) coal plants and carbon capture, use and storage (CCUS), can make a significant contribution to reducing global CO2 emissions as part of the energy mix.
During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more.
"At current exchange rates, each US$1 change in the price of a barrel of oil has an approximate $5 million effect on our operating costs."
In a bear market for junior miners, exploration capital can be hard to come by.
Glencore has slashed spending for this year by up to $US1.4 billion amid a rout in commodity prices, and will spin-off its stake in the unwanted South African platinum producer Lonmin inherited in its merger with Xstrata two years ago.
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