Iron ore surges past $55 as Rio Tinto exits Simandou
The price increase comes as iron ore major Rio Tinto decided to put its Simandou project in Guinea on ice due to the iron ore glut that is keeping a lid on prices.
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An update on Colombia’s peace process and a gold explorer gaining critical mass
After 50 years of conflict, the Colombian government and the Revolutionary Armed Forces (FARC) have signed a ceasefire agreement.
Plan to take company private clouds future of BC moly mine
Alloycorp Mining Inc. (TSX-V: AVT), a junior miner that has been working on the reboot of a molybdenum mine in Kitsault, is going dark.
Shocking breakdown of China’s foreign reserves is bullish for gold
I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold.
Here’s why silver is shining brighter than gold
Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.
Rio Tinto sells its Blair Athol coal mine for less than a bus ticket
The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.
Global mining equipment market to reach $156 billion by 2022 — report
Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.
Long term outlook for Canadian oil sands looks bright
In mid-June CAPP released its annual Crude Oil Forecast, Markets and Transportation study. It is actually pretty good news considering the current state of the industry because it shows continued production growth through 2030.
Zinc rockets to one-year high
Zinc is proving to be an outlier among industrial metals whose 2016 outlook looks dim.
