Papua New Guinea’s Ok Tedi copper, gold mine halts production
The company is also slashing 30% of its foreign employees and 15% of the local workforce.
Cecilia Jamasmie , Editor-in-Chief
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China planning to step up controls on coal imports — report
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
CHART: Coal lobbying expenses collapse
The spending decline comes as U.S. coal miners struggle to clear hurdles on the federal level, including both newly proposed measures and regulations already being implemented.
$60 billion in oil sands projects frozen due to crude prices collapse — report
And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.
Indian miner to expand operations at Rio’s former Mozambique coal assets
ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.
Alrosa’s biggest diamond mine goes underground
The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.
China’s biggest one-day stocks drop in eight years lifts gold prices
Monday’s was the biggest one-day decline in Chinese stocks since an 8.8% drop on Feb. 27, 2007.
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.”
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.
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.