May 7, 2015

Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

May 7, 2015

ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and…

May 7, 2015

Harper takeover rules boon for Canadian resource firms

Energy and mining industries, hammered by a commodity slump, are poised to be the biggest beneficiaries of looser Canadian foreign-takeover rules.

May 6, 2015

Iron ore price blasts past $60

Steelmaking raw material now up 28.7% from decade lows hit last month.

May 6, 2015

South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

May 5, 2015

Mining revenue in British Columbia dropped 14% last year

Miners in Canada’s most western province remain under pressure, as prices for some key commodities, mainly coal and copper, have continued to fall.

May 5, 2015

Fortune Minerals and POSCAN complete sale of Arctos coal licenses to BC Rail

The AAJV partners maintain the exclusive right to purchase back the coal licenses at the same price for a 10-year option period. If both partners do not wish to exercise…

May 4, 2015

Outside money starts to pour into mining M&A

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.

May 4, 2015

RioZim seeks partnerships for $2.1bn Zimbabwe power plant

RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its…

May 4, 2015

Modi fails to get India’s coal trains running on time

India's Prime Minster Narendra Modi's plans to shift the country's economy toward manufacturing and away from agriculture and services are being held up by a different kind of coal shortage.