Australia’s $6.5bn Oakajee project backer holds long record of shady businesses
The Oakajee port and rail project has the potential to become one of the major suppliers of Australian iron ore to Asia.
Cecilia Jamasmie , Editor-in-Chief
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Teck to axe 600 jobs, postpones Quintette coal mine restart
Weak commodity prices hurt Teck's three core business units —coal, copper and zinc— but coal was particularly hard hit due to increased supply from Australia, the company said.
Trying to smuggle gold into India, man swallows $23,000 worth in bars
Gold smuggling into India has increased dramatically since the nation hiked its import duty on the yellow metal from 4% to 15% last year.
China opens Beijing to direct gold imports
The move is considered by many a threath to Hong Kong’s transit role.
Suncor Energy employee dies from severe injuries in oil sands
Suncor said it is working with the RCMP and Alberta Occupational Health and Safety to complete a full investigation into the incident.
Diamonds may be forever, but current prices are not— experts
Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.
Caterpillar to sell its Rantigny plant in France
Over the past year, Caterpillar has closed or announced plans to shutter several plants in the US, Canada and Europe.
Canada to lose 695 coal mining jobs in same province bringing Chinese workers
While Walter Energy shuts down two coal mines, leaving hundreds unemployed, HD Mining International plans to bring up to 480 Chinese workers to British Columbia.
Barclays is the next big bank pulling out of commodities: report
The English bank is planning to sell large parts of its metals, agricultural and energy business.
US first rare earth mine in decades may be in Wyoming
At the moment about 90% of the world’s rare earths —used in a variety of industries including green technology, defence systems and consumer electronics— come from China.
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.
