Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Cecilia Jamasmie | July 11, 2016 | 7:54 am

Sibanye Gold may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.

Cecilia Jamasmie | July 11, 2016 | 5:35 am

Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds

Russia gets $813m for stake in diamond company Alrosa

The sum obtained after selling 10.9% of the state-controlled diamond producer will be used to cut budget deficit, the government said.

Cecilia Jamasmie | July 11, 2016 | 3:34 am

China, Russia mull setting joint gold mining fund

The new investment fund would focus on financing gold mining projects in eastern Russia.

Cecilia Jamasmie | July 8, 2016 | 8:05 am

Deutsche Bank ditches coal investments

The German banking giant is the last lender to pull back from the embattled coal sector.

Cecilia Jamasmie | July 8, 2016 | 4:47 am

BHP Billiton’s Olympic Dam set to reach highest copper production in a decade

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

Cecilia Jamasmie | July 8, 2016 | 3:10 am

Peabody biggest loss follows writedown of top US coal mine

Alpha Natural Resources, Arch Coal near bankruptcy exit deals

Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.

Cecilia Jamasmie | July 7, 2016 | 5:08 am