Cecilia Jamasmie , Editor-in-Chief

Joy Global swings to loss, cuts dividend

The mining equipment maker said business conditions continue to be tough mostly due to a slower-than-expected recovery in the global economy and weak commodity prices.

Cecilia Jamasmie | December 16, 2015 | 6:40 am

Aussie court clears way for $12bn Carmichael coal mine

With the ruling, the massive Carmichael coal mine and rail project has moved one step closer to final approval.

Cecilia Jamasmie | December 16, 2015 | 2:25 am

There is no Nazi gold train after all — Polish scientists

The Nazi gold train saga took a new twist Tuesday when scientists that scanned the area where the wagons were allegedly buried said there is no evidence of such finding.

Cecilia Jamasmie | December 15, 2015 | 11:03 am

Suncor presses Canadian Oil Sands shareholders for a takeover offer nod

“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time” left.

Cecilia Jamasmie | December 15, 2015 | 7:55 am

Barrick unveils early results of plan to buy back $1.15bn of its own debt

The miner, which began the year with an over $13 billion debt, has vowed to reduce the hefty figure by $3 billion before the end of 2015.

Cecilia Jamasmie | December 15, 2015 | 5:00 am

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

Cecilia Jamasmie | December 15, 2015 | 3:06 am

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

Cecilia Jamasmie | December 14, 2015 | 11:41 am

Codelco eyes $600 million in savings, more job cuts in 2016 as copper in the pits

Chief executive Nelson Pizarro said output will, however, remain untouched.

Cecilia Jamasmie | December 14, 2015 | 8:28 am

Diamond miners likely to cut prices further in 2016 to lift demand — Moody’s

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

Cecilia Jamasmie | December 14, 2015 | 8:24 am

Nazi gold train rumours to be determined true or not in ‘matter of days’

Experts from Krakow University of Science and Technology are almost ready to release their findings.

Cecilia Jamasmie | December 12, 2015 | 3:07 am

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