Australia’s largest gold miner Newcrest back to profit
After two years of multi-billion dollar losses the company is also is getting closer to dividend territory.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
India picks worst time to resume iron ore mining — analysts
India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.
Glencore sells stakes in three assets, gets only $290 million
Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.
BHP boosts female representation at board
Reshuffle includes promotion of Baroness Shriti Vadera from a non-executive position to the role of senior independent director.
Approval of Kinder Morgan’s pipeline expansion subject to 145 conditions
The company will review the conditions and submit comments to the National Energy Board next week.
Huge blasts at Chinese port disrupts iron ore, oil shipments
Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.
Glencore hit by $790 million writedown, cuts spending
The company's action on spending follows sharp falls across commodity prices this year.
Global gold demand hits six-year-low as China, India buy less
Total bullion demand dropped 12% in the second quarter of the year, due in part to directionless prices, the WGC says.
Price of crude from Canada’s oil sands more than halves since June
Experts say the main reason behind such debacle is a combination of steadily rising production, pipeline constraints and an unexpected outage at a U.S. refinery.
Most Chinese rare earth miners running at a loss — report
About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.
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.
