USA Mining News

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

US scientists figure cost-effective way to extract rare earths from coal

The new mineral processing technique also makes the extraction environmentally friendly.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Gold hits fresh three-month high amid oil selloff

The precious metal has become the best performing commodity of the year and one of the very few to post a sizable gain in 2016.

China gets tougher on illegal mining, exporting of rare earths

Beijing to set up tracing system to determine and certify the origin of the materials.

Oil price crash: markets slump as Opec resists Russian calls for emergency meeting

Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.

Despite De Beers and Rio's efforts, global diamond output to jump 1.3% this year

The miners concerted effort to limit global diamond supply is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond and Petra Diamonds.

Driest mines in North America

Some of the mines on this list get less than 100 mm of precipitation per year.

Australia, Germany, Japan at high environmental risk due to reliance on coal — report

The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.

Germany brings more gold back home

In 2015, the country’s central bank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Gold hits 12-week high, on track for best month in a year

Bullion prices are also set for a gradual recovery this year as demand increases in Asia and mine production contracts.

Freeport-McMoRan reports 4Q loss on metals, oil slump

Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.

Comparisons to 2008 spark gold’s fear trade

Plunging oil prices, rising market volatility, surging global debt—it’s all beginning to remind some investors of 2008.

Chile losing ground as top copper producer since metal price in the pits

From 2005 to 2015 Chile's copper output rose a mere 8%, while Peru’s grew 37%, China’s 114%, Zambia’s 72% and Congo’s 956%.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

INFOGRAPHIC: The periodic table of commodity returns

This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.

Gold recovers some shine as global markets collapse

Gold has become this year the best-performing non-agricultural commodity.

Canada Revenue Agency goes after Silver Wheaton again

Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

US Energy Department announces $18 Million to develop solar energy storage solutions

The amount is available for six new projects aimed to enable the development and demonstration of integrated, scalable, and cost-effective solar technologies.

Apple, Sony, Samsung linked to child labour claims in cobalt mines

Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.

Freeport Indonesia boss steps down

Maroef Sjamsuddin's decision comes less than a month after the chairman of the U.S. mining giant stepped down.

PotashCorp mothballs Picadilly mine, leaves more than 420 jobless

The indefinite suspension of the Picadilly mine, in Canada's New Brunswick, is expected to cut the company's capital costs by $50 million in 2016 and $135 million over the next two years.