The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.
In response to the significant impact of the recent South Australian bushfires on local communities, BHP Billiton Sustainable Communities today donated A$250,000 to the State Emergency Relief Fund.
The bottom line today is that the traditional nexus between real GDP growth, electricity expansion and coal demand is now broken.
The miner believes that while the market is oversupplied now it will tighten from 2018.
Strong fundamentals will lift the price, but all bets are off if the many ETF investors who bought between $20–$30 lose confidence and start liquidating en masse.
The US dollar together with rates and inflation expectations will keep advances in check, but all bets are off if Russia and/or Euroland turn to chaos.
In the meantime, the miner will receive silver produced at three other Barrick operations in South America.
Revised plan plan will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.
The three-week suspension aimed at battling a global oversupply of the commodity.
Oceanagold (TSX, ASX:OGC), an Australia-based gold producer, will start winding down its New Zealand mines to focus on lower-cost production in the Philippines, where it runs the Didipio copper-gold mine north of Manila.
A slow down in the Chinese economy means South Australian miners are looking at a year of minimal growth.
Active production at the Canadian Bloom Lake iron ore mine has completely ceased, and the sale of the firm's its struggling coal division has been completed.
The concept of a government-backed initiative to manage CSR abroad is being looked at by various nations, including Canada and the U.K.
The court refused to consider the appeal on procedural grounds. Chile's environmental regulator will now have to re-evaluate the administrative fines for over $16 million it imposed on the project.
Authorities have yet to take action over what the company has qualified as a potential mine disaster that may cost lives and have serious environmental costs.
Iron ore capped the biggest annual decline in at least five years as surging supplies from the world’s biggest producers outstrip demand growth in China, with the raw material dropping for every quarter in 2014.
There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.
The government also published a list of answers to common questions about crude exports, providing guidance in a matter plagued by confusion.
Iron ore and oil, for ages among the strongest commodities, are on course to end 2014 as the worst performing ones.
The collapse in global iron-ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.
In Australia, when companies want to cut costs, they hire what are known as "toe cutters." These managers root out inefficiency and drive profitability.
When world leaders assembled at the G20 Summit in Brisbane last month, the corporation selected by the Australian government to address the G20 and spearhead its "thought leadership forum" was none other than United States coal producer Peabody Energy.
The deals that were and those that failed. Here is MINING.com’s shortlist.
Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.
It said the exact amount of the impairment is subject to forecast iron ore prices, exchange rates and market conditions when assessed on December 31.
Get Mining News and Alerts
sent to your inbox daily