July 2, 2015

Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

July 2, 2015

Mongolia’s mining sector ready to take off again — Erdene Resource

The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.

July 1, 2015

Iron ore falls below the $60 mark again

The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.

June 30, 2015

Copper price falls as Chile brings over 500,000 tonnes in line

Production of the industrial metal jumped up 7.8% in May, when compared to April’s figures,despite dwindling ore grades in several of the country's aging copper mines.

June 30, 2015

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

June 29, 2015

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

June 26, 2015

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

June 26, 2015

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

June 25, 2015

BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

June 24, 2015

Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.