Investment bank cuts 2015 nickel price forecast by 19%, while copper price estimate is slashed as market moves into oversupply.
Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.
The copper and gold miner will pay a dividend of 5 cents.
Following a $75m national mineral survey, Uganda has proposed a wide range of tax breaks ahead of a planned mining and exploration licensing round.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
Dotted with lucrative gold mines like Red Lake, Hemlo, Musselwhite and Timmins, along with the nickel belt of Sudbury, Ontario with its storied mining history should be a prospector's dream.
Former Anglo-exec running hedge fund's mining business wants to follow up Talvivaara nickel acquisition with zinc, nickel, copper and coking coal deals.
The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.
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.
FNI's outstanding indebtedness is currently approximately US$38 million.
That reaction to the copper price drop was probably overdone in terms of the response of the equities and their valuations.
The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
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 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 operations that may be added to the list of assets for sale are Dawson and Foxleigh, 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.
As far back as 1942, economists have noted that small-cap companies in particular tend to surge at the beginning of the year in a cycle known as the January Effect.
Zinc prices will continue to gain in 2015, but all bets are off if a not unlikely stockpile shock panics buyers.
Everything nickel had going for it in 2014 will only become more evident during 2015, but all bets are off if Indonesia even partially lifts ore ban.
Game-changing disruptive technologies or sustainable end-user agreements are what companies need to succeed and he shares some likely names in the cobalt, lithium, nickel, graphite—even uranium—spaces in this interview with The Mining Report.
In Australia, when companies want to cut costs, they hire what are known as "toe cutters." These managers root out inefficiency and drive profitability.
Sherritt International (TSX:S), the natural resources company with extensive operations in Cuba, saw a whopping 42.9 percent gain between last Monday and Friday, resulting from an announced thaw in US-Cuba relations.
“Base metals were a ‘bright’ spot in 2014—largely ignored by equity markets and are among our ‘picks’ for investors in 2015,” observed Scotiabank economist Patricia Mohr in the latest edition of the Scotiabank Commodity Price Index published Thursday.
Michael Defensor is racing to mine and ship nickel from projects across the Philippines to plug the gap in global supplies left by Indonesia’s ore-export curbs.
Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.
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