The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.
Mick Carew, a research analyst with Haywood Securities, hopes we have found the bottom of the commodity cycle but expects M&A activity to continue apace through the rest of this year and into 2016.
The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.
Three dozen miners out of work, as low metals prices shutter operation earlier than expected.
Metals from copper to aluminum fell again Friday, and were heading for their worst week of the year, after data showed Chinese factory activity shrinking at the fastest pace since 2009.
New techniques for tailings treatment and sulfide ore recovery will see low-cost environmentally friendly heap leaching take another giant leap forward.
The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.
Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.
Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.
JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.
The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.
It’s an issue that the Canadians for Tax Fairness and the Liberal Party of Canada appear to be hoping to make a federal election issue.
There are good companies doing promising work. Yes, the news flow is slower than in better markets, but that doesn’t mean it’s crickets out there.
This trailblazing company is ahead of the game in the fastest growing region in the world.
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
Base metals prices are feeling the undertow but Stefan Ioannou, mining analyst with Haywood Securities, says that this is temporary—and that investors may not have to wait long for the next wave of higher zinc and nickel prices.
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.
"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."
Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.
Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
Final regulatory hurdle before construction can start at $2.8 billion nickel project in Quebec, Canada.
Bacteria, those microscopic organisms, are among the unlikely heroes for researchers and mining companies working to establish economic methods to access difficult to extract or low value ores.
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