The move is seen by analysts as an attempt to strengthen the firm’s image.
Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.
Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.
The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last.
Euromax Resources has entered into a $175 million deal ith RGLD Gold, to finance the next stages of development and construction of the company's Ilovitza copper-gold project in the Macedonia.
Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.
Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.
The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.
The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).
Chinese economy expected to grow at slowest pace since 2009 just as flood of new supply enters the market.
Leaders of IndustriALL Global Union’s Rio Tinto Network will gather in Mongolia on 22 October to plan the next moves in the worldwide campaign to improve worker rights at the mining giant.
The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.
The union representing many miners in B.C. is warning about worker safety in the industry.
In response to popular demand from our home province of British Columbia, today we visualize the amount of natural resources extracted from BC each year.
The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.
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.
The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
It looks like the late 90’s are back in vogue in the mining industry.
Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.
With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.
Nobody likes taxes. However, when the super rich are stuck in forfeiting millions of dollars to taxes each year, they probably despise them even more than the average person.
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