January 27, 2015

Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.

January 27, 2015

Congo risking billions with planned tax hike, mining code revision

The central Africa nation may also lose its position as the continent’s top copper producer.

January 26, 2015

Loonie to hit 85 cents US in 2016 as Bank of Canada hikes key rate, TD forecasts

Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016

January 26, 2015

Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

January 26, 2015

Kosovo miners return from underground, ending 3-day strike

Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of…

January 23, 2015

Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

January 23, 2015

Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

January 23, 2015

World Bank: Commodities falling like it’s 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

January 21, 2015

Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

January 21, 2015

Rise and fall: power and gas prices plummet from 5-year highs during frigid start to 2014, as coal prices continue decline

As the polar vortex froze much of the U.S. at the beginning 2014, the period of intense cold created demand, supply and transportations factors that led to the highest prices…