Stimulus in China and production cuts should support the price.
"If the downstream slope had been flattened, failure would have been avoided. "
Report is releasd.
The decision caps off a dreadful month for South Australia’s mining sector.
The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.
The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
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.
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.
The highly anticipated independent expert panel report will determine the cause of the dam failure and is expected to lead to new safety standards for the entire Canadian mining industry.
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.
Some crew will be assigned to care and maintenance.
Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.
Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s largest copper and gold mines kept foreign investors away.
Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016
Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.
The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
At the Cambridge House Vancouver Resource Investment Conference this past Sunday and Monday, we had the chance to ask respected mining analyst Brent Cook for his outlook on the sector for which he is best known.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
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