Caterpillar posts strong results despite poor mining sales
The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
African Barrick cuts costs, to acquire more gold assets in 2015
Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.
Caterpillar global sales down 10% in September
The equipment maker is scheduled to report third-quarter earnings Thursday.
Massive gold nugget for sale in California
It's expected to fetch in the $400,000 range.
China to scrap tariffs on Australian coal
The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.
African Minerals founder to buy broke London Mining’s Sierra Leone assets
Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.
Horse breeders win coal mine expansion fight against Anglo American
Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.
African Potash stock up on fresh potash finding in Congo
The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.
Citibank acquires Deutsche commodities trading book
Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.
Chile’s Codelco to seal $1 billion deal with the UK
The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.
China’s rare earth clampdown backfired: CSIS analyst
Beijing’s export restrictions united allies to build alternative supply chains, weakening China’s long-term leverage.