Breaking into the North American heavy equipment market isn't easy, especially for offshore companies.
Asia Mining News
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
Company wants to become Australia’s largest independent coal producer.
Mothers will do everything to ensure a bright future for their children.
Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.
A decision is expected within six months.
Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.
Vancouver-based company's Mongolian copper and gold mine expected to be the world's third largest after underground expansion.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.
The new head of the environment office, Roy Cimatu, has however said he believed it was possible to balance mining and natural resources protection.
Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.
And why the worst may be over already.
They fear the buyer, Malabar Coal, may revive mining at Drayton, which they claim would have have severe impacts on the area’s profitable stud farms and wineries.
In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.
The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.
Congress decision puts and end to a 10-month tenure during which Regina Lopez ordered the closure of more than half the country's mines and banned open-pit mining.
An autonomous region of Papua New Guinea has lifted a ban on mining that has been in place since 1971 - but it will not allow the restart of the controversial Panguna copper mine which has been the source of deadly internal strife.
The lenders’ move follow a decision by Australia’s second-largest bank Westpac to only fund new projects in existing, rather than new, coal basins as part of its new climate policy.
US Dept of Energy makes huge cuts to allowable transfers of uranium this year and in 2018.
Entrepreneur, financier and company-maker.
Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.