July 26, 2016

Caterpillar further cuts profit, sales forecast

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

July 26, 2016

Anglo reshuffles Kumba Iron Ore management ahead of sale

The company however is still debating whether to sell or spin off its majority stake in Kumba Iron Ore Ltd, Africa's top producer of the commodity.

July 25, 2016

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

July 21, 2016

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

July 20, 2016

Metals and mining rally has staying power

Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.

July 20, 2016

Ferrobamba and Tenova sign a cooperation agreement for the Aymaraes (Peru) iron ore development project

Ferrobamba selects Tenova HYL Micro Module to develop its iron ore deposit and build a 250,000 t/y High Carbon DRI plant in Peru

July 20, 2016

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

July 19, 2016

BHP’s copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

July 19, 2016

Ugly week for iron ore price

Down 6.3% over five trading days.

July 19, 2016

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.