Chinese coal billionaire drowning under $5bn pile of debt
Analysts say the situation is nothing but a reminder of the thin dividing line between China’s banks and its “shadow” lending industry.
Cecilia Jamasmie , Editor-in-Chief
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BHP shuts Perseverance nickel mine on safety worries
200 jobs will be cut.
US oil output to reach near record high in 2016
Mainly thanks to improvements in the techniques of horizontal drilling and fracking, says the EIA.
Primero Mining buys Brigus Gold for $208 million
The transaction creates a diversified, Americas-based mid-tier gold producer that would generate the equivalent of 250,000 to 270,000 ounces of gold next year.
Brazil’s Vale sells two of its copper mines in Chile
Vale got $25 million for the mines, way below the $200 million it had invested on them.
Australia’s promise to assist BHP with its Olympic Dam expansion
South Australian Premier, Jay Weatherill, has reproached the federal government for saying BHP could resume its Olympic Dam expansion within months, calling it a "cruel hoax."
Peru’s mining attracted close to $9bn in investments this year
The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.
Suspicion grows over events that led Batista’s oil firm to bankruptcy
Investors want federal authorities to examine the role of regulators and the stock exchange in OGX collapse.
Mexico passes historic bill ending oil monopoly
In a country that celebrates “Oil Industry Nationalization Day,” the energy package approved last night has automatically become Mexico’s most significant and controversial economic reform since the NAFTA.
Anglo American confirms turnaround plan, warns 2014 will continue to be tough
Cutifani said the firm has identified three "buckets" from which it plans to extract about $3.9 billion of extra earnings.
US deploys AI agents to speed critical minerals recovery
AI-powered CICERO system cuts critical minerals recovery testing from years to days using robotics and automation.