Newcrest gold output falls 13% on fatalities, mechanical flops
Suspensions at two of the company's main mines have caused Newcrest to miss estimated production targets.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Vale iron ore output hits new record
The world’s largest producer of iron ore continues to flood the market with the addition of 88.2 million metric tons in the third quarter of the year.
Uranium to bring jobs, export boom back to Australia’s mining industry — report
A study commissioned by the Minerals Council of Australia shows the economic benefit from the sector could increase tenfold to $9.5 billion.
India mulls buying South African coal assets
State-run Coal India is looking to acquire mines to feed its expanding steel industry.
Canadian Oil Sands asks shareholders to reject Suncor’s $3.3 billion hostile bid
The company said Suncor Energy’s hostile takeover offer was "undervalued, opportunistic and exploitive."
Diamonds could help spot early stage cancers
Australian researchers have found a way to use diamonds to act as beacons in magnetic resonance imaging (MRI) scans and identify cancerous tumours before they become life-threatening.
Randgold to exceed 2015 output target from Kibali, wants new licence in Congo
The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.
Rare earth producers say illegal mining in China responsible for low prices
As a result, all rare earths producers inside and outside China are facing extremely challenging conditions, say insiders.
Miners need to invest $150bn to avoid looming supply shortages
According to research house Wood Mackenzie, the need for investment is becoming desperate in zinc and lead and will be a major issue in the copper sector in the next few years.
Codelco-Mitsui stall Anglo American assets sale in Chile
A month after Anglo completed the sale of Mantos Blancos and Mantoverde copper mines in northern Chile, analysts are calling into question the firm’s chance to unload two other assets.
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.
