July 23, 2013

Freeport profit down 32%, to cut capital spending by $1.9bn

As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.

July 23, 2013

Copper costs up, grades down: Metals Economics Group

New copper mine capital costs up by 15% per year over the past 20 years.

July 23, 2013

Is it still possible to make money on junior mining stocks?

Liquidity is a problem for junior stocks.

July 22, 2013

Zambia lets First Quantum restart dam project halted since May

The dam is key for the supply of water to the company’s Sentinel copper mine and the planned Enterprise nickel project.

July 22, 2013

Large miners affected by cost of desalinating water in Chile: twice as much as in the US

Along with the global squeeze affecting the mining industry, large companies operating in Chile are facing escalating costs related to assuring water supply for their operations.

July 20, 2013

Buyers line up for Glencore Xstrata’s massive Peru copper mine

Bids for the three Las Bambas open pits which will also produce significant quantities of gold, silver and molybdenum as by-product are streaming in.

July 20, 2013

US Fed to review Wall Street banks metals business

US central bank reconsidering 2003 determination allowing banks to move into mining, processing, transportation and warehousing of metals and minerals.

July 19, 2013

Atlas Copco suffers weak demand for mining gear

The company expects third quarter overall group demand to stabilize.

July 19, 2013

Recruiting in the mining industry: New challenges for employers – it’s not only pay that counts

The mining industry employs 308,000 workers or 1 in every 55 Canadian jobs.

July 19, 2013

“Natural selection” at work in exploration sector: Steven Poulton, Altus Strategies

This is unpleasant to witness but ultimately very healthy for the sector.