March 26, 2015

$60 billion for mining private equity a myth

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

March 26, 2015

US coal producers shaved production costs further in challenging 2014

Production costs for a handful of U.S. coal producers declined in 2014, but some Illinois Basin producers actually reported higher costs, according to a cost-of-coal-sales-per-ton analysis by SNL Energy.

March 26, 2015

Congo’s planned mining code changes ‘too risky’: miners

The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.

March 26, 2015

Glencore shutting down its West Wallsend coal mine in Australia

The firm said poor coal prices meant it would not make sense to extend the life of the mine.

March 25, 2015

Mining private equity: It’s Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

March 24, 2015

M. Stanley slashes metals outlook on ‘dormant’ China

Investment bank cuts 2015 nickel price forecast by 19%, while copper price estimate is slashed as market moves into oversupply.

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 23, 2015

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

March 23, 2015

South Africa woes cast doubt on BHP spin-off success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

March 22, 2015

Coal projects, port expansion could permanently damage Great Barrier Reef: report

The Great Barrier Reef is at risk of permanent damage should huge coalmining and a port development in Queensland go ahead, scientists say in a new report.