Iron ore price drops as Chinese steel begins to pile up
Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.
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Gold miners seek safety as political risks rise
Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries.
AngloGold a step closer to selling loss-making Kopanang mine in S. Africa
The decision to offload the asset is part of a restructuring process that includes laying off about 8,500 workers, roughly 30% of the company’s workforce.
Rio Tinto’s chief financial officer Chris Lynch to retire in 2018
He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.
Greece tries making peace with Eldorado, grants final permits for Olympias
While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.
Gold price rebounds as ETF investors pile in
And on futures markets hedge fund bulls now outnumber bears by a ratio of 20 to 1 – the highest since 2012.
S.African miner Lonmin says licence not at risk after ministry warning
The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.
Canada’s Sherritt eyes nickel products for booming battery market
The rise of electric cars is spurring Sherritt International Corp to consider branching into producing the types of nickel most sought after by battery manufacturers, the chief executive of the Canadian company said on Monday.
Canada does not need more oil sands pipelines, report claims
A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.