March 2, 2015

Poor market conditions put major chill on global exploration

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.

February 27, 2015

Glencore slashes Australian coal production

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

February 26, 2015

Poor provincial grade disputed by BC mining group

The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.

February 25, 2015

Massive drop in mining exploration funding in Western Australia, survey finds

Mining companies in Western Australia have massively reduced their exploration budgets, a new survey has found.

February 25, 2015

Rio’s Turquoise Hill gets rid of remaining stake in SouthGobi

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

February 24, 2015

South Africa drops out of top 10 in Africa for mining investment

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

February 24, 2015

Biggest steel breakthrough in decades

Korean scientists create a cheap, flexible steel with a strength to weight ratio of today's best titanium alloys using a nickel catalyst.

February 24, 2015

BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

February 24, 2015

Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

February 23, 2015

BHP slashing costs faster than expected

World number one miner notches "productivity gains" of $2.4 billion as profits fall 47% in second half of 2014.