Europe

World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Cecilia Jamasmie | April 17, 2015
World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Study shows the bank offered $3.4bn in loans, grants, guarantees, risk management and equity for fossil fuel-related projects for the 2013-14 financial year.

Kyrgyzstan aborts plans to grab Centerra’s Kumtor mine, but wants more say

Cecilia Jamasmie | April 17, 2015
Kyrgyzstan aborts plans to grab Centerra’s Kumtor mine, but wants more say

A long-discussed 50/50 joint venture with Centerra doesn't seem to be in Kyrgyzstan's plans any longer.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Thousands stand up for Canadian mine threatened with closure in Greece

Cecilia Jamasmie | April 16, 2015
Thousands stand up for Canadian mine threatened with closure in Greece

About 4,000 people protested Thursday in Athens against the government decision to revoke Canada's Eldorado Gold Corp.'s licence to develop a gold mine in Skouries.

CHARTS: What will happen to gold price after Greek exit

Frik Els | April 15, 2015
CHART: What will happen to gold price after Greek default

New study shows Greek bond yields as proxy for euro-zone break-up risk is more reliable than the strength of the US dollar in predicting the gold price.

Oilprice.com

The game-changing water revolution: Interview with Stanley Weiner

Oilprice.com | April 15, 2015
colossus minerals dewatering

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

Gold, platinum and diamonds bike a real luxury

Cecilia Jamasmie | April 15, 2015
Gold, platinum and diamonds bike a real luxury

This $54,000 Cipollini bike features 40 grams of 18-carat gold, 122 grams of platinum, and 17 carats of black and white diamonds.

Close to half of European and the Former Soviet Union mines to be using autonomous vehicles by 2020

Timetric | April 14, 2015
robot head from flickr

If labour costs are high, use robots.

EU lawmakers toughen up rules limiting the import of conflict minerals

Cecilia Jamasmie | April 14, 2015
EU lawmakers toughen up rules limiting the import of conflict minerals

The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.

Expect talent-driven mining M&A: Headhunter

CEO.CA | April 13, 2015
hudbay-minerals-reports-q1-loss-

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Police defend handling of London diamond-district heist caught on camera

Associated Press | April 11, 2015

The gang members, dressed in fluorescent vests and hard hats, calmly carried bags and wheeled garbage bins into a high-security storage facility in London's diamond district.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

Annual gold trade reaches $22 TRILLION

Frik Els | April 9, 2015
Annual gold trade reaches $22 TRILLION

New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.

Lydian shares pop after Armenia's $100m gift

Frik Els | April 9, 2015
Lydian shares pop after Armenia's $100m gift

Lydian International stock up after saying changes to Armenian legislation could save it $100 million in operating costs at its 2.1moz Amulsar project.

Visual Capitalist

INFOGRAPHIC – The energy markets in flux: Looking back on 2014

Visual Capitalist | April 8, 2015
Above ground pipeline mining

With a focus on Europe, this infographic sums up the major changes occurring in energy markets in oil, renewables, sanctions, and more.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

World’s largest copper producer Chile slashes 2015 output forecast

Cecilia Jamasmie | April 7, 2015
World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

World Gold Council considers launch of new London exchange

Financial Times | April 2, 2015
New gold fix to debut by year-end

The gold industry’s leading trade body and half a dozen banks have agreed to explore the idea of establishing an exchange in London as the existing market faces greater regulation.

China claims to hold over 2 million tonnes of uranium deposits

Cecilia Jamasmie | April 2, 2015
China claims to hold over 2 million tonnes of uranium deposits

The country’s uranium deposits have doubled in the last 15 years to more than 350 across the nation.

Anglo American drops Peru copper project

Cecilia Jamasmie | April 1, 2015
Anglo American drops Peru copper project

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

Less than half of copper projects needed to meet demand

Frik Els | March 31, 2015
Less than half of copper projects needed to meet demand

New report identifies 231 existing copper projects with potential output of nearly 13m tonnes which will more than make up for long-term mine depletion.

Iron ore price enters free fall

Frik Els | March 31, 2015
Iron ore price enters free fall

3.6% plunge to just above $50 a tonne on Tuesday brings year to date losses to 28%.

SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’ yet

Cecilia Jamasmie | March 31, 2015
SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’

The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.

Canpotex finalizes pricing deal with China

Cecilia Jamasmie | March 30, 2015
Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

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