HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
The emeralds and rubies miner raised $19.2 million from its recent auction in Jaipur, India.
The unequivocal dismissal of the case with prejudice on Friday 20th of November 2015, by the Honorable Judge Richard Berman, bars Rio from re-pleading its case and represents a significant victory for BSGR in its efforts to ensure the truth in relation to Simandou is properly set out.
A terrorist attack on a hotel in Mali on Friday that left 14 dead has a Canadian mining connection. (Screenshot from BBC News report posted to Youtube.)
Rio Tinto said Vale conspired to "steal" the Australian giant's massive Simandou concession in Guinea.
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.
Its Damang mine in Ghana is struggling with current gold prices, the firm said.
‘Congratulations – you are the CEO of the first company in 100 years to recover a stone over 1,000 carats.’
They survived by eating roots, cockroaches and frogs, and drinking drips of muddy groundwater.
South32's manganese mines in South Africa are unlikely to restart operations until January, when a major review is expected to be completed.
The 4th hosting of the Sustainability in the Extractive Industries (SITEI) is scheduled to take place on the 19th of November 2015 in Abuja
The Africa-focused miner needs funding to complete the acquisition of the Mothae project and to repay short-term debts, including £500,000 due this week.
CHARTS: South Africans can't liquidate ETF holdings fast enough, sending platinum to fresh 7-year low and palladium down 20% within only two weeks.
A small statute in the Dodd-Frank Wall Street Reform and Protection Act is wreaking havoc in the Congo, according to a new report by National Center for Policy Analysis Senior Fellow David Grantham.
Shares in Montreal-based producer jump after strong operational results at its Burkina Faso gold mine, progress on feasibility for flagship project.
The Managing Director of the Nigerian Export-Import Bank (NEXIM Bank), Mr. Roberts Ungwaga Orya, received a team from the World Bank led by Dr. Francisco Igualada, Senior Mining Specialist, Energy & Extractives Unit, and Mr. Linus Adie Utsu of Mining Investments Consult that visited the Bank to share ideas on how to provide structured intervention towards revamping and deepening Nigeria’s mining sector.
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
Telferscot Resources Inc. is a Canadian-based mineral exploration company with an equity stake in a company that holds a copper and cobalt exploration project located in the Kolwezi District in the Democratic Republic of the Congo.
The company has priced its $407 million share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity's price.
John McKay is optimistic.
Upon investment of the full amount, IDC will hold 15% of the class A shares of Alphamin DRC or 14.25% of Alphamin DRC as a whole.
Get Mining News and Alerts
sent to your inbox daily