July 24, 2015

Teck credit rating at risk due to poor commodity price

Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.

July 24, 2015

Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

July 24, 2015

New study: Costs of permitting delays to mining projects

Study shows half of a mining project's value can be lost due to permitting delays.

July 24, 2015

Canada-owned oil sands mine in Utah to begin producing in fall

Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oil sands mine in eastern Utah, one of the country's first commercial operation of this kind.

July 24, 2015

Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

July 23, 2015

Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

July 23, 2015

Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

July 22, 2015

Glencore to slash 380 coal jobs in South Africa

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

July 22, 2015

Economic slump, not drop in coal use, responsible for U.S. carbon emissions fall

Findings of a new research show the 11% fall in carbon emissions between 2007 and 2013 was caused mainly by depressed market conditions.

July 22, 2015

More job losses coming to U.S. shale

Surprisingly, a recent IHS study had revealed that the U.S. shale sector has been boosting job creation in addition to supporting around 1.7 million jobs in U.S.