BHP Billiton beats iron ore guidance, takes copper write-downs
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
K+S rejects fresh approach from Potash Corp.
With the deal, Potash Corp. could regain some of its historic dominance over the fertilizer market, since the two companies combined account for 30% of the global potash production.
Alrosa’s rough diamonds sales down 22% in first half of the year
The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.
Canadian provinces to cut fuel use, boost tidal energy
The deals represent two ground-breaking initiatives to make Canada’s mining industry more fuel-efficient and environmentally friendly.
Canadian ministers urged to better prevent damage from mining
Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.
Gold crash isn’t over — prices near five-year lows
The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.
The US coal industry just had the worst week in years
A wave of bankruptcy is sweeping an industry already hit by competition from inexpensive natural gas, tougher environmental rules and a global coal glut that has decimated prices.
Gold plummets to five-year low overnight
As heavy selling in early Asian trading hours tossed over a billion dollars’ worth of the bullion on the market in just a few minutes.
Chinese rare earth metals exchange to pay $6.4bn owed to investors
The announcement came after the Fanya Metal Exchange saw hundreds of investors protesting outside the building last week.
Nexen’s oil sands pipeline leak one of Canada’s largest ever
A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.
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.
