Iron ore miners worst nightmare just came true — prices tank
Prices for the raw material have dropped below $90 a tonne as doubts gather about the strength of demand in China at stockpiles hit record highs.
Latest Stories
Premier Gold shares surge after Nevada resources bump
Impressive increase in both size and grade from the 2013 resource estimate at its 100%-owned McCoy-Cove project in world-class gold district.
Copper price falls on Grasberg production resumption
Freeport restarts supply to domestic smelter in Indonesia, but the copper concentrate export ban at iconic mine remains in place.
Suncor’s plan for tailings clean-up rejected by Alberta’s regulator
Suncor Energy’s plan to clean up tailings in some of its oil sands operations using water capping, also known as an end-pit lake, have hit a snag as the Alberta Energy Regulator rejected the proposal saying the firm’s plan lacked evidence the strategies would work.
Trump’s repeal of anti-corruption rules could give US companies advantage over industry peers, says Fasken Martineau white collar expert
On February 14, 2017, President Trump signed into law a joint resolution of Congress to repeal a critical anti-corruption rule for oil, gas and mining companies.
Minco shares soar on possible takeover by Dalradian Resources
The deal would transfer control of Minco's 2% net smelter return royalty on the Curraghinalt gold deposit in Northern Ireland, which Dalradian is currently developing.
Illegal gold mining in Venezuela causing deaths, malaria, gang fights and deforestation
A three-year recession in Venezuela paired with ramping inflation and food shortages has prompted many mining for gold in mafia-run illicit operations.
Tribunal favours Barrick, Antofagasta in Pakistan lease denial case
The International Center for Settlement of Investment Disputes (ICSID) said Pakistan violated several provisions of its bilateral investment treaty with Australia, where the joint venture between Barrick and Antofagasta is incorporated.
Chile steps up efforts to lure mining investors beyond copper sector
The country, already the world's second largest producer of lithium, is seeking to create private-public partnerships to exploit 61% of its resource-rich territory, currently available for licensing.
