Anglo American to axe 53,000 jobs, put 15 assets up for sale
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
Cecilia Jamasmie , Editor-in-Chief
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Canadian court to hear Stans Energy appeal over Kyrgyz Republic’s unpaid $118M
The frozen payment corresponds to what the Kyrgyz Republic was told by an international arbitration court to give Stans for revoking its rare earth mining licenses in the country.
Canada-owned oil sands mine in Utah to begin producing in fall
Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oil sands mine in eastern Utah, one of the country's first commercial operation of this kind.
Vale adds to iron ore supply glut — second highest ever quarterly output
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
Coal slump hits Teck’s profit, output forecast
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
Ned Goodman resigns from Barrick Gold board
He will focus on a new business venture in resources and other hard assets, said Barrick.
About 10% of global gold output being produced at a loss
While gold was moderately higher in early U.S. trading Thursday analysts agree the whole industry is on a bit of “a knife-edge.”
Iron ore prices hit by fresh evidence of looming surplus
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
Glencore to slash 380 coal jobs in South Africa
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
Economic slump, not drop in coal use, responsible for U.S. carbon emissions fall
Findings of a new research show the 11% fall in carbon emissions between 2007 and 2013 was caused mainly by depressed market conditions.
How 2026 will reshape the US critical mineral resilience
Emerging federal activity shows two key themes: growing support for high-risk minerals and renewed focus on domestic processing technologies.
