The country effectively halted all but processed metal shipments in January in an effort to force miners to build smelters.
After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.
The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.
The company is defying coal price slump with increased production driven by expansions at its Australian mines.
Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
A Canadian region once touted as Ontario's answer to the oil sands will not be developed anytime soon- according to the CEO of a major stakeholder.
Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources.
While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.
After a brutal two-month sell-off, the nickel price is recovering as Chinese port stocks are depleted and global stainless steel output picks up.
The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.
The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.
The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.
The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.
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.
Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the province’s north. It hasn’t worked out that way.
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.
Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.
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.
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