Iron ore prices hit by fresh evidence of looming surplus
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
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MAXAM Civil Explosives starts operating in BHP’s South32 Worsley Alumina’s Boddington Bauxite Mine
MAXAM expands its mining industry supply activity in Australia
Currencies depend on faith, gold doesn’t
Ironically, in a world awash in fiat currencies that are created at an ever increasing pace, and whose value is solely derived from faith in the issuing state, gold is the only form of money whose value does not require a leap of faith.
Glencore to slash 380 coal jobs in South Africa
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
Economic slump, not drop in coal use, responsible for U.S. carbon emissions fall
Findings of a new research show the 11% fall in carbon emissions between 2007 and 2013 was caused mainly by depressed market conditions.
Gemfields Mozambique mine to yield rubies for over 20 years
An independent report has confirmed the Montepuez mine holds the largest deposit of rubies in the world, with projected output of 432 million carats over 21 years.
No holes in the balance sheet
Given the rising costs of raw materials and energy, companies must now come to terms with the issue of energy management more than ever before.
BHP Billiton beats iron ore guidance, takes copper write-downs
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
Quick gold mine closures not expected despite bullion’s fall
Bullion's slump to a five-year low this week is heaping new pressure on an already stressed gold mining industry but mine closures are not expected to happen quickly as operators instead try to reduce costs to keep operations going.
