Copper price drops despite outages at world’s biggest mines
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
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Thabazimbi mine to be transferred to ArcelorMittal South Africa Ltd
Until 2014 Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exclusively to and funded by AMSA.
Anglo American to sell Kumba despite iron ore rally — experts
While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.
BHP to spend $2.2bn on US Mad Dog oil project
Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.
Teck, Suncor up cost of Fort Hills oil sands project
Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.
Goldcorp buys back gold stream on giant Chile project
Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.
Southern Copper wants to shoot the lights out
World number five producer adding 600,000 annual tonnes in six years.
Locals ask Brazil to suspend Belo Sun’s gold mine licence
Opponents claim the miner intends to use cyanide, depositing toxic waste in a dam located just 1.5 km from the Xingu River, a tributary of the Amazon.
Investors keep flocking to gold, push metal to three-month high
Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.
