Coal oversupply to cap prices to 5-year-low
Not even higher seasonal demand expected as the Northern Hemisphere heads into winter will save coal from its free falling, analysts say.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Canada’s Mount Polley disaster: experts warned tailings pond ‘getting large’
Consulting company claims it told Imperial Metals how important it was to monitor the tailings “to prevent problems in the future."
West Africa Ebola outbreak forces miners to lock down operations, delay projects
After the WHO declared the current outbreak an “international public health emergency.”
Newmont steps up pressure against W. Australia’s royalty hike
Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.
Abandoned Romanian mine now an underground theme park
It has a ferris wheel, mini golf course, bowling lane, boating on the underground lake and a sports arena.
Mining tycoon, Calgary Flames co-owner, also Imperial Metals’ largest shareholder
N. Murray Edwards has a 36% stake in Imperial Metals, owner of Mount Polley mine.
Alaskans uneasy over another Imperial Metals mine nearing end of construction
The Red Chris copper and gold project, in northwest B.C., is located near the Iskut River, a major tributary of the Stikine River, which ends in southeast Alaska.
Indian millionaire splashes out over $200k on 22 carat gold shirt
He had the expensive outfit made for his 45th birthday.
Vale to double iron ore shipments to China by 2019
Currently Vale supplies 12% to 14% of China’s consumption of the steel-making ingredient.
Harmony Gold to write down $130 million on mothballed mine expansion
Harmony decided against expanding its Phakisa mine and will write down the value of the asset.
Panama moves to unlock copper from First Quantum mine
Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama’s stockpiles.