At least 1,300 jobs to go as ENRC steps up cost-cutting measures in Congo
The layoffs may increase to 1,800 if the metal prices don’t recover soon, said the company.
Cecilia Jamasmie , Editor-in-Chief
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Joy Global posts bigger-than-expected loss as sales drop 25%
Shares in the equipment and services provided soared almost 16% in early trading in New York.
Former Aussie coal magnate Nathan Tinkler officially bankrupt
Once Australia's youngest billionaire, the electrician turned coal baron has failed to pay off his private jet and other debts and is now officially ruined.
World’s top copper miner sees metal at $2 a pound for at least two years
Codelco says current copper rally will be short-lived.
Barrick announces ‘drastic revision’ of Pascua-Lama, may add partner
Analysts believe that Barrick’s partner in Papua New Guinea, Zijin Mining Group, could be the one to help turn Pascua-Lama into a success.
Gold prices hit new session highs on strong US data
The metal has climbed about 16% this year in the face of tumbling equities and fears of a global economic slowdown.
TransCanada’s Energy East pipeline faces Quebec injunction
The provincial government asked the court to order a halt until the project has complied with the environmental laws in place.
Glencore swings to loss on write-downs and collapsing coal, metal prices
The Switzerland-based mining and energy giant lost $5 billion in 2015.
Here’s where mining investors should be placing their bets
As a country, however, Canada is falling out of favour.
Greenfield exploration in Australia picks up
Total area drilled (in metres) climbed by 6.9% during the December quarter, with activity in areas of new deposits increasing by 29.6%.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
