Iron ore price surges 6%
Steel prices up on rumours Beijing has ordered deep production cuts at steelmakers as far away as 500km from Chinese capital ahead of massive military parade.
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Atlas Copco named top industrial company in 2015 Newsweek Green Rankings
Atlas Copco, world-leading provider of sustainable productivity solutions, was listed as the top industrial company in this year’s Newsweek Green Rankings. The rankings look at corporate sustainability and environmental impact.
CMC acquires Maptek Sentry for survey and monitoring at Portia Gold Mine
The Sentry solution is an active monitoring system for tracking movement and notifying stakeholders about potentially unsafe areas of an open pit operation.
Nautilus Minerals: Vessel dewatering plant detailed design contract awarded
Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.
About 30,000 fresh job cuts, more mine closures expected in Australia
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
New chapter in controversial Barkerville Gold saga
Following last year’s resignation of founder and former CEO Frank Callaghan, the company brought in a new CEO – Tom Obradovich, a key player in Aurelian Resources Inc., which was acquired by Kinross Gold Corp. (TSX:K) – and is now trying to write a new chapter in the Barkerville saga.
Gold to dip below $1,000 by end of the year – report
Gold is doomed. That seems to be the message being deliverd by several analysts who predict prices for the metal will hit fresh historic lows by the end of 2015.
Miners in Asia and Africa more likely to switch to different OEM within next five years
Whilst miners are relatively loyal in Australia and North America to their current Original Equipment Manufacturers (OEMS), over half of those in Asia are likely to seek out a new supplier within the next five years, a new report shows.
Antofagasta cuts copper output forecast for the year
This is the second time this year that the London-listed miner slashes its annual copper production guidance.
