Mining profits reach $230 billion a year, topped only by oil & gas, pharma
Report – mining majors adopted a conservative approach after the 2015–16 market downturn focusing on cost cutting, productivity and expanding liquidity.
Latest Stories
Massive new port could give Vale back iron ore crown
A project for a dedicated iron ore port with a capacity of up to 560 million tonnes per year is advancing in the north of Brazil.
Teck aims for carbon neutrality by 2050
According to its 2020 sustainability report, Teck aims to have its Chilean operations fully running on clean energy by 2030.
US looks to Canada for minerals to build electric vehicles
The US government is working to help American miners and battery makers expand into Canada, part of a strategy to boost regional production of minerals used to make electric vehicles and counter Chinese dominance.
Talent trends shaping the mining industry in 2021
Odgers Berndtson identified slow career progression and lack of growth opportunities, combined with an overall lack of succession planning, as risks to the industry’s long-term growth and success.
We may be entering a new commodities supercycle
Two components of this potential supercycle – oil and gas and metals – are relevant to decarbonization prospects.
Foran reports wide copper intervals from McIlvenna Bay
The holes were drilled as part of a 30,000-metre program and are expected to “positively impact” existing resources by growing the indicated inventory.
EnGold defines copper resources at Lac La Hache
Resource estimates have been released for the Spout and G1 carbonate replacement deposits.
Gold price retreats as yields climb after Fed meeting
Gold traded lower despite the outlook for higher inflation.
