Potash Corp. profit jumps 77% on record sales
The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
MMG to begin pre-extraction at Las Bambas despite copper rout
The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
Anglo American set for commodity slump-triggered charge
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
Glencore mulls shutting down South African coal mines, lay offs
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
Report on what caused Mount Polley disaster expected this week
The highly anticipated independent expert panel report will determine the cause of the dam failure and is expected to lead to new safety standards for the entire Canadian mining industry.
Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection
Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.
Lower gas prices weigh on Peabody’s weak results, expected coal demand
The U.S. No.1 coal producer projects a much wider-than-expected loss for the current quarter.
Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit
The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
Commodity prices hit Caterpillar profit — down 25%
CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.
Congo risking billions with planned tax hike, mining code revision
The central Africa nation may also lose its position as the continent’s top copper producer.
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.
