Iron ore prices hit six-day highs, but rally won’t last say experts
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
Latest Stories
South African gold sector to table wage offer next week
The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.
Zambia to slash royalties, reinstate mining tax
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
Opposition to Sirius Minerals $3bn potash project in national park builds up
The company will hear by June 30 whether it will be allowed to mine polyhalite, a type of potash fertilizer, from a deposit located under Brittan’s North York Moors national park.
Vancouver investors turning to tech, not mining
"Newly listed tech firms are being greeted in a much different manner than just five years ago when the sector was mostly going neglected amid sky-high commodity prices."
Amplats axing over 400 jobs in South Africa
Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
Chile may revoke Teck’s copper mine permit over environmental breaches
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
Australia’s Paladin Energy gets historic ok to run uranium mine in Canada
Until now Canadian companies needed to have at least 51% stake in any uranium project.
Firestone Diamonds delays Lesotho mine launch
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
