Caterpillar profit beats estimates but sales fall
Construction, not mining lifts the machinery giant's second-quarter results.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Old Welsh mine turned into giant trampoline park
An abandoned 176-year old underground slate mine in North Wales has reopened, but as a gigantic trampoline theme park.
China’s falling out of love with gold, demand drops 19%
Gold consumption in the country fell to 569.5 tonnes, with the weakness in the yuan adding to higher spot prices.
Rio Tinto planning Australia’s largest iron ore mine
The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.
UN opens up more deep sea areas for mining, issues seven new licences
State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.
BHP Billiton wants bigger share of the iron ore market
BHP’s major vote of confidence in iron ore proves the company trusts it can mine the bulk commodity for less than many rival producers, and thrive even in an environment of weakening prices.
Anglo American iron ore division earnings fall, but beat estimates
Anglo's unit Kumba plans to almost double production by 2030.
De Beers changing its diamond sales model
The world's largest diamond miner by market value said it will adopt a more flexible sales approach.
Indonesia lifts six-month ban of metal concentrate exports
The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.
London Metal Exchange traders fined for standing up
Following a 19th century tradition traders today must sit on the red leather sofas arranged in a 20-foot diameter inner ring.
Ecuador eyes 2026 tender for $3B Llurimagua copper project
Ecuador plans a 2026 tender for Llurimagua as copper M&A accelerates and past JV disputes shape the project’s next phase.
