Major new coal projects unlikely to be profitable: Goldman Sachs
The bank analysts say the window for profitable investment in new thermal coal mining and infrastructure capacity “has closed.”
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
The 33 Chilean miners rescued alive back in the spotlight
Thanks to polemic TV commercial encouraging Chile’s national soccer team to be bold and daring in upcoming World Cup.
Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine
Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.
Barrick putting Pascua Lama back on track
World's top gold miner reaches an initial agreement with Chile’s Diaguita community, the indigenous group that first blocked the $8.5 billion project.
Mining investment in Australia falls again as boom fades
Spending committed by mining and energy companies to start or expand projects fell 14.6% to US$212bn at the end of April from $248bn a year earlier. That is a $36 billion drop.
Copper near 12-week high on hopes of Chinese stimulus
Prices are up nearly 5% so far this month, heading for a second straight monthly gain.
Vale’s New Caledonia nickel plant under siege, up to $30m in damage
Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.
World’s leading hub for diamond trade threatened by further Russian sanctions
While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.
US imposes extra conditions for potential approval of Keystone XL pipeline
Decision was based on the discovery of potentially dangerous construction defects, such as bad welds.
Areva reaches uranium mining deal with Niger, delays project
The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.
Cameco resumes output after flood hits top uranium mine access
Uranium giant says bridge collapse did not alter production outlook at key northern Saskatchewan operations.