June 5, 2014

BHP admits mistakes in its China, iron ore strategy

CEO Andrew Mackenzie says miner's China-focused investment is shifting and its rapid iron ore expansion came at the expense of the overall business.

June 5, 2014

Miners profits sank 72% over past year, lowest level in a decade

Global net profits have dropped to $20 billion in the last year, with gold, coal and diversified miners being the worst affected.

June 4, 2014

Halved since 2011, EPA rules to push coal price down another 20%

EPA's radical new rules make building new coal-fired power plants unfeasible while 15% of existing capacity will be shut down within two years, reducing demand.

June 4, 2014

Canadian studies endorsing fracking highly flawed — critics

The two documents released Tuesday conclude the debated extraction process just needs to be closely monitored and properly regulated.

June 3, 2014

Rio: $80 iron ore price means ‘a lot’ of miners will disappear

CEO Sam Walsh: "We are the lowest-cost producer in the world with costs of $20 per tonne; I think we’ll be OK."

May 30, 2014

Kinross Gold allegedly trying to recover Ecuador mine losses

The government may renew Kinross’s rights to the concession, or at least could remove legal hurdles to the prospective sale of Fruta del Norte gold-silver project.

May 30, 2014

Mongolia mining reforms seek $1bn in coal, shale investments

The revisions to the country's mining law would increase the area available to exploration to 20%t from around 8%.

May 30, 2014

Output at No.1 global copper producer slips slightly in first quarter

While output drop was minimal, Codelco's profit dived 38% as a result of lower metal prices.

May 29, 2014

Chinese copper asset buyers are out again

Driven by China's seemingly insatiable demand for concentrates as more smelter capacity comes on-line and refined copper imports diminish, the need for foreign sourcing of copper raw materials is increasing.

May 29, 2014

De Beers plans for Snap Lake mine challenged by locals

The firm wants to change its water licence to double the current chloride limit pumped into nearby lake.