May 19, 2015

Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

May 19, 2015

BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.

May 18, 2015

Turquoise Hill rockets on Oyu Tolgoi funding deal

Shares in Vancouver firm up 12% after parent Rio Tinto and Mongolia sign landmark deal to fund $5 billion underground expansion of giant copper-gold mine.

May 18, 2015

‘Skinny’ South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

May 17, 2015

Rio said to sell $1B worth of aluminum assets

Rio Tinto (ASX:RIO) is reportedly selling its Pacific Aluminum business - a group of smelters in Australia and New Zealand - in a deal potentially valued at $1 billion.

May 15, 2015

Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .

May 13, 2015

Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price…

May 13, 2015

Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

May 12, 2015

De Beers paid only $226 in royalties for its Ontario mine last year— report

The thrifty amount compares to the almost $3.9 billion the government of Ontario received from the salt sector in the same period.

May 12, 2015

Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.