Anglo American to write down up to $4bn on weak commodity prices
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
Latest Stories
Planetary Resources’ first spacecraft begins testing asteroid prospecting technology
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
INFOGRAPHIC: The returns of every asset class over the last decade
How do investments in bonds, equities, real estate, gold, and commodities compare over time?
Graham Briggs to retire as the CEO of Harmony Gold
A geologist by training, the 62 year old executive has been with the company for 20 years.
Credit deflation and gold
Crucially, the assumption in capital markets that gold is no longer money but just an asset or commodity has all but destroyed our understanding of its monetary relationships.
Zambia mining industry says new rules to scare investors, deter local processing
The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.
Innovation, bringing life back into closed mines
What do you get if you cross an Australian with a problem?
Shrinking Chinese steel market will drag down iron ore price
The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
Prepare for flood of copper concentrate
New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.
