Chinese miners rescued after 36 days trapped underground
Rescuers drilled two big holes into the tunnel to save the trapped miners, who were brought to the ground in a capsule.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
World’s biggest iron ore port shut as cyclone to hit Australia
BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.
International court orders bankrupt MMX to pay $7 million to Outotec
Ruling puts and end to dispute dating back to 2013.
Anglo American shares rally on iron ore output hike, cost-cutting measures
The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.
Russia’s Alrosa quarterly sales up 45%
Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.
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.
Antofagasta to lift copper output in 2016 after missing last year’s target
The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.
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.
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.
