Jobs Mining News

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Denmark's largest energy firm to ditch coal by 2023

Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.

Coal use in Europe on its way out — report

Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.

Moon Express ready for first private lunar trip after raising another $20M

The private space exploration firm has enough money to hit the moon by the end of 2017.

US, Canadian engineers back Keystone XL application, urge swift approval

Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.

TransCanada submits new application for Keystone XL permit

The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.

Potash Corp profit down 70% on weaker prices, expects challenging year ahead

The firm anticipates “challenging market fundamentals” in the phosphate-fertilizer market, adding that it is currently assessing the value of some assets, which may lead to writedowns.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Trump greenlights Keystone XL and Dakota Access pipelines

The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.

Yamana Gold resumes operations at mine in Chile after deal with unions

The strike has not had a significant impact on mine and consolidated production, the company said.

Mosaic to reopen Colonsay potash mine in a matter of days

Decision to resume operations at the mine was based on Mosaic's expectations that 2017 will be a stronger year for the potash industry.

Erdene new gold zone at Mongolia Bayan Khundii project larger than expected

Bayan Khundii project went from greenfield prospect to being Erdene’s flagship asset in roughly nine months.

Canadian oil sands producers could fetch up to $15 more per barrel with this technology

The adoption of a“partial upgrading” technology could bring in hundreds of millions of dollars into Alberta's economy, a new study claims.

Miners trapped at Canada’s Allan potash mine rescued and safe

The 114 miners who were trapped underground following a fire are now home and operations will resume today.

Here’s how this West Virginia town is dealing with a fading coal industry

Individuals from coal-depleted regions in Appalachia say politicians want to create jobs in mines but overlook the fact that coal is simply running out.

Oyu Tolgoi resumes copper shipments to China

Move follows extensive talks with Chinese and Mongolian authorities.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Cenovus resuming Christina Lake oil sands expansion, boosts capex

Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Rio Tinto says halt of copper shipments from Oyu Tolgoi ‘a bump in the road’

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.