February 16, 2016

These are the assets Anglo American is kicking to the curb

The miner is completely exiting coal and selling several assets, to focus only on copper, diamonds and platinum.

February 15, 2016

Anglo American debt down to junk, outlook negative

Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".

February 15, 2016

Newcrest Mining’s profit US$117 lower due to Cadia outage, lower copper and gold prices

All-in sustaining cost of gold is $US770 per ounce.

February 15, 2016

Freeport-McMoRan sells 13 pct stake in Morenci Mine to Sumitomo for $1 billion

Morenci is an open-pit, copper mine located in Arizona. In 2015, FCX’s 85 percent share of Morenci revenues totaled $2.2 billion and production and delivery costs totaled $1.5 billion.

February 14, 2016

Taseko files lawsuit against Ottawa over B.C. gold and copper mine decision

Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion…

February 12, 2016

Rio told to start buying copper mines rather than build them

Rio has a list of assets it’s keen to buy should they come up for sale, Chief Financial Officer Chris Lynch said

February 12, 2016

Argentina’s new government scraps mining taxes

President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.

February 12, 2016

Pummeled by oil bets, Freeport and Teck get some crude reward

Teck Resources and Freeport-McMoRan led a mining stock rally on Friday as surging oil prices provided relief for their foray into energy before prices tumbled.

February 12, 2016

Slumping commodity prices drive groundbreaking approaches to mining

Economic blasts are rumbling the ground on which the mining industry stands these days. As nickel prices drop alongside copper and other […]

February 11, 2016

Teck Resources logs $536M loss in Q4 on depressed commodities, asset charge

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.