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Latest Stories
Anglo American Platinum fires 12,000 workers
Anglo American Platinum, the world's largest platinum producer, has fired 12,000 workers taking part in a three-week illegal strike after following through on tough talk over wildcat stoppages in South African mines.
China and Chile join forces during Asia Copper Week
The world’s most important copper companies will gather next month in Shanghai in an event organized by the Chinese’s city Futures Exchange (SHFE) and Chile’s Centre or Copper and Mining Studies (Cesco).
Vale freezes operations at two plants due to falling steel demand
Brazil’s mining giant Vale (NYSE: VALE) will temporarily halt operations at its São Luís and Tubarão I and II pellet plants starting October 8 and November 13 respectively.
Gold mining to drive Burkina Faso’s growth but companies at risk
The West African nation of Burkina Faso is forecasting its gold industry will boost growth next year, but the latest report from UK-based think-tank Exclusive Analysis, warns of increasing risks of kidnap and collateral harm by Islamist groups spreading from northern Mali.
IBM expands into resource sector as miners strive to tamp rising costs
IBM is ramping up its provision of services and equipment to the Australian resources sector as rising costs compel miners to seek to cheaper and more efficient operating methods.
West Africa could become the next iron ore hot spot
West Africa could become the next hot spot for iron ore due to its untapped bounty of the key steel-making ingredient.
Australia plays risky balancing game with Asian suitors bearing FTA’s
Australia faces the parlous challenge of juggling trade relations with the three key East Asian economies, all of whom covet free trade agreements with the antipodean continent in order to shore up their access to resources.
Not one Chinese iron mine makes money at $80. There’s your new price floor
The outlook for iron ore has certainly become more clouded since July, but some of the more bearish analysts may be overshooting on the downside.
