August 25, 2015

Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

August 25, 2015

Community consultation begins for extension of Wiluna Uranium Project

Toro Energy Limited (ASX:TOE) has commenced community consultation ahead of the public release of an environmental statement seeking government approval for an extension of the Company’s advanced and already approved…

August 25, 2015

BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

August 25, 2015

Saudis could face an open revolt at next OPEC meeting

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the…

August 24, 2015

CHART: Stop panicking about China and mining

We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.

August 24, 2015

Canadian mining stocks outperform metals prices

Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.

August 24, 2015

Anglo American sells copper mines in Chile to UK investment firm

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde…

August 24, 2015

Will India no longer buy Australian coal?

The answer is NO, according to the leader of The Greens, Richard Di Natale.

August 24, 2015

South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

August 24, 2015

China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.