The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
With a focus on productivity, companies must not neglect talent management
The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
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.
Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.
An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.
Australia exports as much as 49 million tonnes of thermal coal a year to China.
Before the infamous Soma disaster, which claimed the lives of 301 workers, there had been 1,308 fatal accidents in the industry since 2000, a new report shows.
But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.
It is likely to cost the country 1.5 million tonnes of lost coal production a day.
The analysts argued that as much as 15% of the machinery maker’s revenues are dependent on the oil and gas industry
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.
Depressed oil prices may end up helping, CEO Doug Oberhelman added.
The potential buyer — community-owned firm Baroka Tribal Mining— will also acquire Amplats' 22.5% percent indirect stake in its joint venture partner, Atlatsa Resources.
The country will cut export tariffs for coal from Jan. 1 as part of broader efforts to drive economic growth.
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.
75 participating countries, 200 companies, 200 presenters, 3,000 attendees… and fewer than 15 women invited to speak at Mines and Money London 2014. About time for a change – don’t you think?
Construction workers found pot full of 200-year-old gold coins, but didn't get to keep them.
Average salaries fell 19% over the two-year period from 2012, while the average working week increased by four hours, a study shows.
TransCanada Corp’s key projects face increasing hurdles locally and across the border.
Closing the mine will cost $650 million to $700 million over the next five years.
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