MINING.COM

Polish coal mining swings to profit on prices, restructuring

According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.

Reuters | August 22, 2017 | 5:18 am

Glencore’s Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore’s Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its […]

Reuters | August 22, 2017 | 4:00 am

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

Cecilia Jamasmie | August 22, 2017 | 3:35 am

BHP exiting oil and gas

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

Frik Els | August 21, 2017 | 3:48 pm

Miner Fortescue returns record dividend as profit leaps

World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future.

Reuters | August 21, 2017 | 3:20 pm

Iron ore price jumps again – up 47% in two months

Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.

Frik Els | August 21, 2017 | 3:20 pm

Gold was chemically destined to be money all along

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element.

Frank Holmes - U.S. Global Investors | August 21, 2017 | 1:52 pm

Zambia restores full power supply to First Quantum mines

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.

Reuters | August 21, 2017 | 12:46 pm

Copper price rallies after Grasberg violence

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

Frik Els | August 21, 2017 | 11:27 am

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