March 31, 2015

Tax breakthrough at Rio Tinto’s Mongolia copper mine — source

Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5 billion Oyu Tolgoi copper mine, according to an…

March 30, 2015

De Beers making it harder for diamond dealers to join supply chain

The move seeks to direct gems to the most financially sound purchasers and make the business more transparent.

March 30, 2015

BHP wants strikes to be ‘last resource’ for workers

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

March 29, 2015

Big oil worse than big miners in overspending

A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.

March 27, 2015

Chinese miners keep digging for iron ore despite most losing money

The situation, industry officials said Friday, can’t continue for much longer.

March 25, 2015

Australia’s regulator goes after Fortescue for demanding iron ore output cap

The competition watchdog did not welcome chairman Andrew “Twiggy” Forrest call for rivals Rio, BHP and Vale to agree to cap production.

March 24, 2015

Rio Tinto, Alcoa step aside for Australia’s largest national park

They'll hand back more than 175,000 hectares of prime conservation land they have held since 1971 to West Australia, ditching plans to build a bauxite mine and an alumina refinery…

March 24, 2015

Freeport axes dividend by 84% amid weak commodity prices

The copper and gold miner will pay a dividend of 5 cents.

March 24, 2015

Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

March 23, 2015

Chile’s court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.