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Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

According to The Times, Rio flagged the possibility of a writedown in August.

Landslide halts rescue efforts at Turkish mine

Cecilia Jamasmie | October 30, 2014
Landslide halts rescue efforts at Turkish mine

Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.

No more mine deaths in Turkey

IndustriALL Global Union | October 29, 2014

Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.

Hopes for workers trapped in Turkish coal mine quickly fading

Cecilia Jamasmie | October 29, 2014
Hopes for workers trapped in Turkish coal mine quickly fading

Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.

Former Anglo’s senior exec. said to have taken $3.5 million from firm

Cecilia Jamasmie | October 28, 2014
Former Anglo’s senior exec. said to have taken $3.5 million from firm

Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.

At least 18 Turkish miners trapped in coal mine after collapse

Cecilia Jamasmie | October 28, 2014
At least 23 Turkish miners trapped in coal mine after collapse

Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

Cecilia Jamasmie | October 28, 2014
Freeport-McMoRan's profit down 32% amid lower copper, gold prices

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

Potash Corp remains confident of market outlook despite weak prices

Cecilia Jamasmie | October 24, 2014
Potash Corp remains confident of market outlook despite weak prices

The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.

Caterpillar posts strong results despite poor mining sales

Cecilia Jamasmie | October 23, 2014
Caterpillar posts strong results despite poor mining sales

The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.

Caterpillar global sales down 10% in September

Cecilia Jamasmie | October 22, 2014
Caterpillar global sales down 10% in September

The equipment maker is scheduled to report third-quarter earnings Thursday.

China to scrap tariffs on Australian coal

Cecilia Jamasmie | October 22, 2014
China to scrap tariffs on Australian coal

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

India diamond merchant boss gives 500 cars, 200 apts to employees

Cecilia Jamasmie | October 21, 2014
India diamond merchant boss gives 500 cars, 200 apts to employees

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

Cecilia Jamasmie

China's new coal import tax a disaster for Australian miners

Cecilia Jamasmie | October 10, 2014
China's new coal import tax a disaster for Australian miners

The sudden reversion to protectionism is designed to save the local coal industry.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Queensland wants coal waste to be dumped onshore, not near reef

Cecilia Jamasmie | October 7, 2014
Queensland wants coal waste to be dumped onshore, not near reef

The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

Rio Tinto faces day of defiance by thousands of workers

IndustriALL Global Union | October 6, 2014
Rio Tinto faces day of defiance by thousands of workers

Mining giant Rio Tinto will face protests around the world on Oct. 7, in a coordinated day of defiance by thousands of its employees.

Will Friday's labor report save gold and rescue silver?

Seeking Alpha | October 5, 2014

The gold price fell to a nine-month low and silver dropped to its lowest level in more than four years as the strengthening dollar and the lack of concern over ongoing geopolitical trouble spots continue to pressure precious metals.

Blockade lifted at Freeport Grasberg mine in Indonesia

Cecilia Jamasmie | October 3, 2014
Blockade lifted at Freeport Grasberg mine in Indonesia

Operations, however, won’t resume until at least Oct. 7.

Operations at Freeport Grasberg copper mine remain blocked

Cecilia Jamasmie | October 2, 2014
Operations at Freeport Grasberg copper mine remained blocked

Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.

Newmont ships first copper from Indonesia in eight months

Cecilia Jamasmie | September 30, 2014
Newmont ships first copper from Indonesia in eight months

30,000 tonnes of copper concentrate were sent out Monday.

BHP-Mitsubishi axing 700 coal mining jobs

Cecilia Jamasmie | September 23, 2014
BHP-Mitsubishi axing 700 coal mining jobs

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

Newmont gets permit to restart Indonesia copper exports this week

Cecilia Jamasmie | September 22, 2014
Newmont gets permit to restart Indonesia copper exports this week

The announcement marks the end of a long-dragged dispute between the Colorado-based miner and Southeast Asian nation.

Thousands of workers begin strike at world’s biggest copper mine

Cecilia Jamasmie | September 22, 2014
Thousands of workers begin strike at world’s biggest copper mine

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

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