Canada’s Diavik mine axes 51 jobs
Company says it was forced to lay off employees from across the business given "current market conditions."
Latest Stories
Mining accidents in China to spike as country digs more coal
In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.
Gold’s 2016 rally was built on sand
The headline word for 2017 will be 'inflation' and wealth preservation will continue to be a watchword for those looking to position themselves strategically… and by extension gold is well priced and positioned to benefit.
Phosphate mining firms set sights on Southern Africa’s sea floor
Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.
Trudeau approves Trans Mountain pipeline, kills Northern Gateway
Trudeau approves Trans Mountain and Line 3 replacement project, rejects Northern Gateway.
Osisko Gold Royalties tracks gold
I am firmly on record as saying we started a new gold and silver bull market, actually an all commodities bull market, last winter.
Iron ore, met coal prices plunge on Chinese steel meltdown
Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.
Hedge funds have never been this bullish about copper price
Managed money speculators in copper futures in New York go long 1.9 billion pounds of copper – 55% more than the previous record.
Vale reconsiders selling $10 billion in core assets
Higher ore recovery and price realization may help Vale generate $2.2 billion next year in free cash flow, Chief Executive Officer Murilo Ferreira said.
