Goldcorp begins controlled shutdown of Mexico mine, its largest operation
Following a seven-day illegal blockade at its Peñasquito mine by a trucking contractor.
Cecilia Jamasmie , Editor-in-Chief
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China to reach target in cutting coal overcapacity by year-end
The world’s biggest coal producer expects to reach targets for cutting unneeded capacity by the end of 2016, which is earlier than planned.
Strike hits Freeport’s Grasberg mine in Indonesia
More than 1,000 workers have gone on strike at Grasberg in a dispute with management over better conditions, including bonus payments.
Precious metals, nickel, zinc likely to outperform over next 2 years — analysts
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Enbridge selling major Saskatchewan pipeline system in Cdn$1 billion deal
Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.
Australia’s biggest underground mine halts production
The power outage was the product of strong winds and heavy rain caused by what has been called “the most extreme weather system” that has hit the area in decades.
Namibia’s new uranium mine to triple country’s output by 2017
The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.
Kirkland to buy Newmarket Gold in Cdn$1 billion deal
The combined company, to be known as Kirkland Lake Gold, will have a market capitalization of about Cdn$2.4 billion and produce more than 500,000 ounces of the yellow metal a year.
Extreme pollution forces China to shut down hundreds of coal, steel operations
The country’s state planner said it would also set up a no-coal zone in cities around Beijing in 2017 to try reducing the capital's hazardous smog levels.
US miner goes after rare earths in the Cook Islands
Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.
McEwen Copper seeks $4B to advance Los Azules
Global lenders, agencies and partners line up funding as Argentina re-emerges as a key copper investment destination.