October 27, 2016

Natural resources deliver $55 billion to the economy of Queensland, Australia

The natural resources sector continues to play a vital role in underpinning the Queensland economy with an estimated $55.7 billion contribution to the state’s economy.

October 26, 2016

Mick Davies’ X2 Resources fails to deliver, frees investors from commitments

Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.

October 26, 2016

Iron ore jumps to 6-month high, coking coal binge continues

Rally!

October 25, 2016

All these Australian mines are reopening thanks to the rally in coal prices

Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.

October 25, 2016

Botswana Diamonds finds octahedron in sample material at Orapa

The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to…

October 25, 2016

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

October 25, 2016

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

October 24, 2016

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

October 24, 2016

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

October 24, 2016

CHART: No stopping insane coal price rally

Steelmaking coal surges again and seaborne price for coal used in power generation reaches highest since May 2012.