The country is also known for its significant gold and oil reserves.

Profits still down sharply from last year's third quarter.

Gold at one-month high after worse than expected US jobs and manufacturing data indicate stimulus is here to stay.

Metso has started a global efficiency program covering its continuing operations following the demerger. The program is designed to improve Metso's cost structure and operational efficiency and is expected to yield annual savings of around EUR 100 million in operational costs by the end of 2015.

A paper presented at the 45th Annual Canadian Mineral Processors Operators Conference in Ottoawa Canada this year has received the 2013 CEEC Medal. C. Wang, S. Nadolski, O. Mejia, J. Drozdiak, B. Klein co-authored the paper titled “Energy and Cost Comparisons of HPGR based circuits with the SABC circuit installed at the Huckleberry Mine”.

Despite this year's financial woes, companies continued exploring in as many as 127 countries, especially on high- or medium-risk jurisdictions.

The gold giant is deferring spending and suspending all exploration activity at the Cerro Negro project.

Seven months earlier than expected.

China's Minmetals finds IOC too pricey at $3.5 billion according to a new report.