Yamana Gold to group Brazil mines under new unit
The miner became the latest company to spin off non-core, underperforming assets.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Glencore’s Glasenberg slams top iron ore producers once again
In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.
Diamond demand, prices set to soar in next decade
Financing and marketing are two of the key challenges the industry will have face when trying to keep the global diamond market growing.
This is why India needs a gold policy — WGC
There are at least seven good reasons, says the World Gold Council.
Anglo American struggling to meet targets, mulls coal assets sale
Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.
Vale sells stake in Mozambique coal project to Mitsui for $763m
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
‘Gold-fanatic’ Chinese officer made some $5bn from bribes: report
Anti-graft advocates believe corruption in the Chinese military is so pervasive that it could undermine the nation’s ability to wage war.
Trafigura bullish on strong results, hands $885m to top executives
The buyback was revealed in the company’s annual report, which showed improved operating profits in spite of difficult market conditions in the last two years.
Swedish iron ore miner Northland Resources goes bankrupt
Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.
BHP Billiton spin-off named South32
The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.
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.
