Freeport logs third-quarter loss after massive oil and gas write-down
The U.S’s largest mining company unveils plans to further slash copper and molybdenum output.
Cecilia Jamasmie , Editor-in-Chief
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Teck Resources swings to loss after $1.7 billion charge
Earnings, however, beat analysts’ estimates as Canada’s largest diversified miner cut costs to deal with weak commodity prices.
Greenpeace to keep coal in the ground by buying some of Europe’s largest mines
The environmental group is after Vattenfall's lignite business in eastern Germany, in a bid to scale back the operations put up for sale by the Swedish state-owned energy giant.
Canada’s Ivanhoe to start copper production at new DRC mine in 2018
The Vancouver-based miner estimates that Kamoa, discovered in 2007, holds the equivalent of at least 45 million tonnes of pure copper.
Alrosa sells less than half the diamonds it mined
The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.
Japan admits first possible case of cancer linked to Fukushima
The worker who developed leukemia was exposed to less radiation than many, said authorities, which suggests that the number of compensation cases could spike.
Construction of giant York Potash mine to begin next year
The $3.15 billion project will tap into the world’s largest and highest grade deposit of polyhalite, used as a fertilizer, inside the North York Moors National Park.
China’s weak demand for diamonds drags sector into slump
Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.
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.
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.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.