Cliffs Natural selling coal assets, expects loss of up to $425m
Miner is dropping coal operations to focus on iron ore.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Belarus won’t tax potash exports in 2015
The nation first cut export tariffs to zero in September 2013 and won't reverse measure next year.
Ancient gold coins found in toilet in southern India
Construction workers found pot full of 200-year-old gold coins, but didn't get to keep them.
Harmony Gold cutting jobs at S. African mine to turn around operation
The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.
Vale confirms plans to sell stake in $35 billion base metals unit
Chief Financial Officer Luciano Siani confirmed Tuesday the company's plans to sell a minority stake in its metals-producing unit.
Gold hits 5-week high from early dive triggered by Swiss referendum
Gold prices experienced a dramatic comeback Monday after falling sharply in overnight trading due to Switzerland’s rejection of a proposal to boost the country’s gold reserves.
Guatemala’s huge mining royalty hike makes Tahoe unhappy
The country’s congress passed Friday legislation to increase mining royalties from 5% to 10%.
New low in oil prices drags BHP Billiton stock below 2009 levels
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
African Minerals halts trading, shuts down Sierra Leone assets
Iron ore project will remain suspended until the company either releases $102 million in restricted cash or can secure other short term funding.
Anglo American’s Los Bronces mine in Chile hit by strike
This is the first time mining engineers, geologists and other highly educated employees go on a strike at a privately owned mine in Chile.
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.
