Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi
Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.
Cecilia Jamasmie , Editor-in-Chief
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Silver demand hit record high in 2015
So did production – all time high of 887m ounces.
World’s second-largest diamond ever found could fetch over $70M
The rock, known as “Lesedi La Rona”, was unearthed in November in Botswana at a mine owned by Canada's Lucara Diamond.
Sibanye Gold wants more platinum assets, but also eying base metals, coal, uranium
Despite the collapse in platinum prices last year, chief executive Neal Froneman is confident that the sector has turned a corner.
Operational ‘wrinkles’ take shine off Randgold’s results
The miner slid the most in four years after reporting first-quarter gold production fell 11% due to operational problems at Kibali and Tongon mines.
Gold rally stalls despite weak US jobs data
Despite the ups and downs, the precious metal has gained 21% so far this year.
Canada’s oil sands cuts production as wildfire forces mass evacuation
The fire is the latest blow to a community already hit by slumping oil prices that have forced producers to halt projects and lay off hundreds.
Glencore mulling sale of gold mine in Kazakhstan
The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.
Caterpillar’s new ‘smart iron age’ machines go way beyond automation
The new line of “smart” equipment will be able to communicate, instantly, how it's performing, and what might need fixing soon.
Iron ore price plummets as Chinese stockpiles rise
The drop comes as stockpiles in China, the world’s biggest buyer, climbed 1.2% to 98.5 million tons last week.
Newmont eyes 5M-ounce boost from Lihir gold mine
Management noted progress in growth projects, including regulatory approvals for Red Chris, and Cadia resuming production.