Europe

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Atlas Copco Ranked 23rd Among World’s Most Sustainable Corporations

Atlas Copco | January 28, 2015

Atlas Copco, an industrial group with world-leading positions in sustainable productivity solutions, ranks 23rd among the 2015 Global 100 Most Sustainable Corporations in the World index – a list presented on Jan. 22 at the World Economic Forum in Davos, Switzerland. The company was also listed first overall in the machinery industry.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

Commodity prices hit Caterpillar profit — down 25%

Cecilia Jamasmie | January 27, 2015
Commodity prices hit Caterpillar profit — down 25%

CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.

Kosovo miners return from underground, ending 3-day strike

Andrew Topf | January 26, 2015
kosovo

Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.

Scottish village of Tyndrum prepares for '£200 million gold rush'

The picturesque village of Tyndrum in Scotland's Grampian Highlands is bracing itself for what could be a surge of prospectors after it was revealed around £200 million of gold is located in local hills.

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

GRAPH: Gold price vs bond buys shows limits of QE

Frik Els | January 22, 2015
GRAPH: Gold price vs bond buys shows limits of QE

Don't expect Europe's QE bazooka to lift gold prices much says new report.

Draghi trillions drag gold price past $1,300

Frik Els | January 22, 2015
Draghi's trillions launches gold price past $1,300

European central bank's historic $1.3 billion stimulus package convulses markets and trigger new wave of safe haven buying of gold.

Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Cecilia Jamasmie | January 22, 2015
Turkey’s gold imports down, but bullion still ‘key’ to the local economy — WGC

Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.

Eldorado Gold down 18% on awful outlook

Frik Els | January 21, 2015
Eldorado Gold down 18% on awful outlook

Vancouver gold miner forecasts minimum 80,000oz dip in output this year even as costs at mines in Greece, Turkey and China surge as much as 28%.

Gabriel Resources says Romania holding gold project 'hostage'

Cecilia Jamasmie | January 21, 2015
Gabriel Resources says Romania holding gold project 'hostage'

The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.

Gold climbed past the $1,300 mark for first time in five months

Cecilia Jamasmie | January 21, 2015
Gold climbed past the $1,300 mark for first time in five months

But it lost its gains right after two ECB officials said policy makers would propose purchasing 50 billion euros in assets per month through the end of 2016.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Swiss franc farce may be gold price tipping point

Frik Els | January 21, 2015
Swiss franc farce may be gold price tipping point

Past policies of the Swiss National Bank towards gold backfired badly. But last week's fiat money fiasco could be the real game changer.

Oil-price Temporarily Slows Diffusion of Solar-Diesel-Hybrid Systems in the Mining Industry

Expert interviews have confirmed that influence of oil-prices is only short-term and that for the vast majority there is still an excellent business case for PV at off-grid mines

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Rio Tinto’s diamond output down 14% in 2014

Cecilia Jamasmie | January 20, 2015
Rio Tinto’s diamond output down 14% in 2014

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Cecilia Jamasmie | January 19, 2015
Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Goldcorp strikes $440 million deal for Probe Mines

Cecilia Jamasmie | January 19, 2015
Goldcorp strikes $440 million deal for Probe Mines

The move will see the miner taking control of the Borden Gold project in northern Ontario.

Cameco’s Cigar Lake to produce 6-8 million pounds in 2015

Cecilia Jamasmie | January 16, 2015
Cameco’s Cigar Lake to produce 6-8 million pounds in 2015

The Canadian company, the world's third-biggest uranium miner, expects the mine to reach full production of 18 million pounds per year in 2018.

Swiss shocker lights fire under gold price

Frik Els | January 15, 2015
Swiss light fire under gold price

Swiss central bank currency move sends shockwaves through financial markets and gold price to a more than 4-month high in heavy volume.

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