At the end of January, the company announced it was placing the mine in care and maintenance, citing a commodity price crash, and earlier this month was forced to seek creditor protection.
Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.
The broad bottom is in – and well settled in, seemingly, with at least another summer of sideways markets ahead. But time isn't a bad thing.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.
Former Anglo-exec running hedge fund's mining business wants to follow up Talvivaara nickel acquisition with zinc, nickel, copper and coking coal deals.
Silver produced in concentrate was 5.2 million ounces and 20.3 million ounces during the fourth quarter and year ended December 31, 2014, respectively.
This infographic covers everything you should know about copper porphyries, a deposit type responsible for about 60% of copper, 95% of molybdenum, and 20% of gold produced today.
The probable kidnapping of 4 workers at Goldcorp's Los Filos mine is just the latest in a string of mine incidents in Guerrero, Mexico's most violent state.
The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.
In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.
The new rules only apply to future payments and not amounts already owed.
Yukon Premier Darrell Pasloski met with MINING.com at Roundup 2015 in January to discuss the closure of Wolverine Mine. "We are disappointed with the closure. We understand the difficulty with low commodity prices." Pasloski also discusses mine licensing, infrastructure and …
Achieved gold and copper production in the fourth quarter of 49,123 ounces and 14.9 million pounds, respectively, with record production from Chelopech.
"At current exchange rates, each US$1 change in the price of a barrel of oil has an approximate $5 million effect on our operating costs."
"We've seen a lot of people who were involved with the initial diamond rush in the early 90s come back to us."
That reaction to the copper price drop was probably overdone in terms of the response of the equities and their valuations.
Embarrassment and financial harm.
The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
Some crew will be assigned to care and maintenance.
Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.
Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.
Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.
Get Mining News and Alerts
sent to your inbox daily