After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.
Beijing had been widely expected to eliminate tariffs and quotas on rare earth shipments after a World Trade Organization panel branded them discriminatory last year.
The machinery giant doesn’t think it will remain strong for the rest of 2015.
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
Rupert Merer analyzes that growing energy sector for National Bank Financial and tells The Mining Report why betting on the future of renewables is a prudent strategy for profit growth.
Rick took at a stance in January that went against many investors’ contrarian instincts. He said to stay away from oil and gas for the time being.
The first-quarter earnings season, which kicks off for the senior gold miners later this week, is traditionally the sector’s weakest quarter of the year, and 2015 should be no different.
The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday
A new adversary is emerging for coal. It comes from silicon wafers, the material used to make solar panels.
Precious Metals continue to be a conundrum.
The highly-anticipated first-quarter earnings season is in full swing, with traders eager to see how US companies are faring.
In this interview with The Gold Report, Macpherson says companies that can change their narrative on the fly—and deliver—will inevitably perform. Macpherson covers some performers and others that he expects will perform in H2/15 and beyond.
Molycorp will supply Siemens with rare earth materials over the next 10 years.
The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.
Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.
The government intends to set its mining royalties at 9% for both open-pit and underground mines.
But China’s slowdown, rising costs and falling prices may get in the way.
After 700 million tonnes shipped, the Great Northern Iron Ore Properties trust set up by railroad baron James J Hill in 1906 was terminated this week.
The reason this matters is unemployment is one of the three key variables macroeconomists use to formulate policy, the other two being GDP and the rate of price inflation.
New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.
Denver-based firm is going ahead with building the first phase of its Long Canyon gold mine expected to produce 100,000oz–150,000oz a year over 8 years.
The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.
Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.
Premier gets the mine plus a $12.5 million injection from Goldcorp.
Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.
Two oil towns that have defined Alberta’s resource – and real estate – boom now show how fast the bloom can fade.
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