Caterpillar profit drops for second successive quarter due to weak mining demand
CAT's revenue in the resource segment, which is dominated by mining, plunged 34%.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Canadian HudBay could face Guatemalan lawsuits at home
The three lawsuits against the miner over alleged shootings and gang rapes at a Guatemalan project will be allowed to proceed in Canada.
Russia and Belarus in talks to boost potash exports: report
Through Belarusian Potash Company (BPC).
Freeport profit down 32%, to cut capital spending by $1.9bn
As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.
More headaches for Barrick: Chile’s indigenous group appeals Pascua-Lama ruling
The Diaguita community has asked the country’s Supreme Court to revoke Barrick's environmental license for the mine.
Randgold to pour first gold at DRC’s Kibali Mine
Kibali Mine to start producing in October.
Lucara hunts for new properties in Africa, set to sell rare pink diamond
Miner has become the third-best performer this year among publicly traded Canadian metal and mining firms.
INFOGRAPHIC: The 10 most expensive diamonds in the world
The most expensive of all, the Kohinoor, is worth over US$15 billion.
Job cuts in Australia’s coal sector climb to 11,000
Peabody Energy added 170 positions to the list of lost coal jobs in Down Under.
Amplats swings back to profit despite strikes, restructuring
The platinum giant is, however, cutting at least 6,000 jobs.
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.