Mining industry value drops below one trillion dollars
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
Cecilia Jamasmie , Editor-in-Chief
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Potash Corp slashes outlook, production amid tough market conditions
The fertilizer giant also announced temporary inventory shutdowns as it deals with a weakening potash market.
Chile injects $600 million into state-owned copper giant Codelco
The money is the first payment in a $3 billion aid plan authorized under a new funding mechanism, designed to avoid a slump in production.
Drop in mining sales takes toll on Komatsu Q2 results
Construction and mining equipment account for almost 90% of Komatsu’s revenue.
Shell abandons oil sands project in Canada, takes $2bn charge
The decision to scrap the Carmon Creek project, said the company, was partially due to a lack of pipelines to coastal waters.
Canada’s First Nations, mining companies benefited from modern treaties — report
Modern treaties have drove First Nation communities’ real income up by about 17%, benefiting several industries, especially the extractive sector, a new study shows.
Ecuador aims to attract $750M in mining investment next year
The government is planning to open up new mining areas for gold and copper exploration.
Aussie Gov’t under attack for saying there is ‘moral case’ for coal mines
But authorities and miners say calls for a global moratorium on coal mines ignore the scale of global demand for energy.
US coal miner Murray Energy sues Obama Administration
The Ohio-based company says the new ozone standards will severely harm the country's already battered coal industry.
Weak metal prices to hit miners through 2016 — Moody’s
The situation, says the ratings agency, won’t change over the next 12 to 18 months, and metal prices may fall even further.
Freeport beats profit forecasts despite Grasberg slump
Higher copper prices offset weaker output and sales from Indonesia's Grasberg mine, helping Freeport beat expectations.