February 2, 2015

CAT, Komatsu, Volvo slapped with antitrust suit

International Construction Products alleges Big 3 manufacturers are colluding to keep the 1-year old company from selling cheap Chinese equipment in the US.

January 31, 2015

Roundup takeaway 1: outsmart tough odds

It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.

January 30, 2015

BHP axing up to 300 Olympic Dam jobs

The decision caps off a dreadful month for South Australia’s mining sector.

January 29, 2015

Consensus forecast 2015 gold price average: DOWN

Of 35 analysts polled by the London Bullion Market Association Ross Norman of Sharps Pixley is most bullish at $1,321, but 5 others see a dip below $1,000.

January 29, 2015

Here is how metal-eating bacteria may make asteroid mining profitable

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

January 29, 2015

Michael Fowler says forget the majors, buy the midtiers

According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.

January 29, 2015

MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

January 29, 2015

Mining M&A: Private equity can’t run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

January 27, 2015

Yukon Zinc temporarily closing Wolverine Mine

Some crew will be assigned to care and maintenance.

January 26, 2015

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.