June 12, 2013

Copper soars after Freeport McMoRan declares force majeure on Grasberg mine

Measure seeks to avoid liability on existing orders after production was suspended due to an accident.

June 11, 2013

Rio Tinto to start copper exports from Oyu Tolgoi this week

Company is said to have invited reporters to attend a ceremony at the mine this Friday to celebrate its first shipment.

June 10, 2013

Ecuador to vote on ground-breaking law to allow large-scale mining

Country's gold, copper and silver reserves estimated at $115 billion.

June 7, 2013

BHP closes $1.63bn stake sale in Aussie gas venture to PetroChina

The news comes less than two months after operator Woodside shelved the project in its current form.

June 6, 2013

Force majeure at large Chinese copper producer, supply cut by half

China’s third largest copper producer announcement comes only a few weeks after outages at two large copper mines in Indonesia and the US.

June 5, 2013

Marine experts demand Australia stop reef mine, ports plans

More than 150 scientists from 33 institutions signed a letter warning the Australian government of the mounting threats to the Great Barrier Reef from new coal ports and other industrial…

June 3, 2013

Indonesia tells Freeport to halt copper-gold mine for 3 months

The world's No. 2 copper mine has been practically halted from May 14 at estimated cost of about $15 million a day in lost production.

June 1, 2013

Iron ore price: China’s weekend surprise could stop slump turning into rout

Better economic news from China over the weekend could help iron ore prices recover from last week's big scare.

May 27, 2013

Freeport execs face probe over collapsed tunnel in Indonesia, mine to restart soon

Nine of the 12 witnesses questioned so far are top executives of PT Freeport Indonesia.

May 24, 2013

Chile imposes $16 million in fines to Barrick for environmental violations at Pascua-Lama

Besides receiving the highest possible fine under Chilean law, Barrick construction work has been halted.