Brazil’s Vale reports first loss in a decade, takes $5.7bn write-down
It became the latest large miner to write down assets in the face of falling commodity prices.
Cecilia Jamasmie , Editor-in-Chief
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New projects in Peru to add $3.6 billion to overall mining investment for 2013
The sector is expected to bring in $53 billion during the next decade.
Investors turn to Astrology to predict markets behaviour (for real)
The markets exhibit patterns that are as easy to track as the planets’ paths, says Malcolm Bucholtz, who trades in the financial markets using technical charts, esoteric mathematics and astrology.
Iron ore billionaire floats plans to rebuild the Titanic
Australian mining tycoon Clive Palmer expects Titanic II to be ready for its inaugural voyage by 2016.
North American oil sands market to reach $26 billion this year: report
According to the study, oil sands have been a considerable contributor to the surge of alternative oil supplies.
The end of paper money? Europe hit by gold rush as crisis worsens
Amid unstable financial times and economic woes, gold is once again a safe haven for European investors.
Australia’s iron ore core escapes Cyclone Rusty
Rusty had been predicted to strike the Pilbara region's Port Hedland iron ore port, but instead touched down in the nearby town of Pardoo.
US big winner in Colombia’s coal industry troubles: report
South America’s largest coal supplier risks losing its main customers to the US as mounting issues affecting major coal miners in the country have started to disrupt supply.
BHP hits a $4 billion nickel jackpot
The discovery of the Venus deposit could reshape the future profitability and direction of BHP's struggling Nickel West business.
Rio’s Walsh feeling the pressure: S&P downgrades miner rate outlook over rising debt
The announcement pushes Rio's new CEO Sam Walsh to deliver on his promise of vast operating cost cuts, asset sales and reduced capital expenditure ahead of a possible collapse in iron ore prices.
Ecuador eyes 2026 tender for $3B Llurimagua copper project
Ecuador plans a 2026 tender for Llurimagua as copper M&A accelerates and past JV disputes shape the project’s next phase.
