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Potash Corp. profit jumps 77% on record sales

Cecilia Jamasmie | January 29, 2015
Potash Corp. profit jumps 77% on record sales

The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.

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.

War for talent in mining just heating up, says EY

EY | January 28, 2015
war-for-talent-in-mining-just-heating-up-says-ey

With a focus on productivity, companies must not neglect talent management

Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

Cecilia Jamasmie | January 27, 2015
Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

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.

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.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

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.

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.

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.

Adani's $15bn coal mine in Australia facing fresh legal challenges

Cecilia Jamasmie | January 15, 2015
Adani's $15bn coal mine in Australia facing fresh legal challenges

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.

China’s green ban hitting Aussie coal exporters hard

Cecilia Jamasmie | January 12, 2015
China’s green ban hitting Aussie coal exporters hard

Australia exports as much as 49 million tonnes of thermal coal a year to China.

Mine accidents in Turkey claimed 361 lives in 2014

Cecilia Jamasmie | January 7, 2015
Mine accidents in Turkey claimed 361 lives in 2014

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.

Most Canadian resource firms to grow their business in 2015: survey

Cecilia Jamasmie | January 6, 2015
Most Canadian resource firms to grow their business in 2015: survey

But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.

India coal strike the biggest industrial action since 1977

Cecilia Jamasmie | January 6, 2015
India coal strike the biggest industrial action since 1977

It is likely to cost the country 1.5 million tonnes of lost coal production a day.

Caterpillar stock nosedives on JPMorgan downgrade

Cecilia Jamasmie | January 5, 2015
Caterpillar stock nosedives on JPMorgan downgrade

The analysts argued that as much as 15% of the machinery maker’s revenues are dependent on the oil and gas industry

Anglo American tries again: submits plan to expand coal mine in Australia

Cecilia Jamasmie | January 5, 2015
Anglo American tries again: submits plan to expand coal mine in Australia

Revised plan plan will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.

Glencore resumes production at Aussie coal mines

Cecilia Jamasmie | January 5, 2015
Glencore resumes production at Aussie coal mines

The three-week suspension aimed at battling a global oversupply of the commodity.

CAT sees no significant impact from depressed oil prices

Cecilia Jamasmie | December 22, 2014
CAT sees no significant impact from depressed oil prices

Depressed oil prices may end up helping, CEO Doug Oberhelman added.

Anglo American Platinum offered $385 million for stake in Bokoni mine

Cecilia Jamasmie | December 17, 2014
Anglo American Platinum offered $385 million for stake in Bokoni mine

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.

China lowers coal export levies to boost ailing economy

Cecilia Jamasmie | December 16, 2014
China lowers coal export levies to boost ailing economy

The country will cut export tariffs for coal from Jan. 1 as part of broader efforts to drive economic growth.

Miners back to work at Peru’s Antamina copper mine

Cecilia Jamasmie | December 15, 2014
Miners back to work at Peru’s Antamina copper mine

This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.

Canadian premiers say Energy East pipeline a 'nation-building' exercise

Cecilia Jamasmie | December 3, 2014
Canadian premiers say Energy East pipeline a 'nation-building' exercise

Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.

Women mostly missing at London’s 'Mines and Money' event

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?

Ancient gold coins found in toilet in southern India

Cecilia Jamasmie | December 2, 2014
Ancient gold coins found in toilet in southern India

Construction workers found pot full of 200-year-old gold coins, but didn't get to keep them.

Aussie miners working harder for less money

Cecilia Jamasmie | November 25, 2014
Aussie miners working harder for less money

Average salaries fell 19% over the two-year period from 2012, while the average working week increased by four hours, a study shows.

Quebec sets conditions for TransCanada as poll shows falling support for pipeline

Cecilia Jamasmie | November 20, 2014
Quebec sets conditions for TransCanada as poll shows falling support for pipeline

TransCanada Corp’s key projects face increasing hurdles locally and across the border.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Cecilia Jamasmie | November 19, 2014
Cliffs' Bloom Lake hit with record environmental fine

Closing the mine will cost $650 million to $700 million over the next five years.

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