It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.
The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.
The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.
The world's largest dry bulk cargo ships capable of carrying 400,000 tonnes, more than twice the size of competitors' fleets.
Brazilian giant's Valemax vessels capable of carrying double the ore of competitors' fleets changes the China export game.
Industry body sees demand rising as economic growth lifts consumers’ incomes.
Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.
The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.
Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.
Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.
Miner Anglo American said on Wednesday it won environmental regulatory approval to operate the slurry pipe at its Brazilian iron-ore project Minas Rio, a crucial step in meeting a deadline to enter production by the end of the year.
Mega-carriers docking in China will see Brazilian giant Vale double export volumes to China over the next five years.
Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.
So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.
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.
"All that's required is to hand the world’s best mining assets to the world’s best management."
Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.
Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.
After 4% surge on Monday, benchmark prices resume slide.
News of labour action at world's largest copper mine sends red metal 2.6% higher.
A GlenTinto is not as far-fetched as it sounds.
Capex of $164m for 116,000oz gold, 239,000oz silver over a 8.2 year life for Ana Paul mine in Guerrero gold belt, Mexico.
Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.
Up nearly 4% on Monday; rallying after weeks of intense selling.
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
Due to "general market conditions".
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