November 22, 2015

$3.5B Saskatchewan potash mine put on hold

Low potash prices have made the prospect of developing the Kronau potash mine in Saskatchewan uneconomic.

November 20, 2015

Commodity prices have not bottomed yet — Goldman Sachs

Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.

November 19, 2015

A brutal year for mine financing explained in just one chart

A miserable $400 million down from a high of $4.6 billion in 2012.

November 19, 2015

Chinese commodity trade barometer at record low

The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.

November 19, 2015

Caterpillar sales down again, almost three straight years

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

November 17, 2015

K+S Potash to hire 150 workers for its Canada’s Legacy project

The Legacy mine, located approximately 50km north of the city of Moose Jaw, will be the first new potash operation built in the last 40 years in Saskatchewan.

November 16, 2015

Caterpillar: Supercycle China isn’t coming back

Sales of excavators expected in China for entire 2015 is fewer than the total in March 2011 alone.

November 16, 2015

Mining in Europe began more than 4,000 years ago, study reveals

Mining in the Alps dates back much further than previously thought — in the Austrian region of Montafon since the Bronze Age.

November 14, 2015

British potash mine to shed 220 jobs

Britain’s only potash mine is cutting hundreds of jobs and switching away from potash production in a further blow to industry in north-east England.

November 12, 2015

US Congress grants citizens rights to own asteroid-mined riches

Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.