Analyst downgrades Harry Winston on lower production forecasts at diamond mine
A revised life-of-mine plan at Harry Winston Diamond Corp’s Northern Diavik diamond mine has taken some of the shine off the company’s stock.
Latest Stories
India’s Supreme Court raps Karnataka for illegal iron ore export
“Shocked” over the magnitude of alleged illegal iron ore exports by private companies in southern India, the country’s Supreme Court said it wants to explore the possibility of punishing the guilty parties within six months.
Iron ore drops into the double digits, lowest in three years
Spot market iron-ore prices dropped again overnight despite news that steel production in China, the biggest iron-ore-consuming nation, continued to rise in early August.
BHP chews over ways to expand iron ore production in Australia
The world's number one miner, BHP Billiton, wants to leave the news of its first decrease in annual profit in three years behind by focusing on finding the most lucrative way to increase iron ore production in Western Australia.
China’s regional governments unveil 7 trillion yuan in stimulus investments
China's regional governments have unveiled a slew of new stimulus plans over the past two months worth a total of 7 trillion yuan according to Chinese-language news sources.
Australian resource minister declares mining boom over, then backtracks
Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that the resources industry is still moving ahead.
Philex’s tailings dam failings highlight ineptitude of corporate legal team
Adverse publicity surrounding the failings of Philex Mining's (PX:PM) tailings dams in the Philippines attest more to the shortcomings of its corporate legal team more than poor operating standards in developing economies.
Hong Kong’s ‘Dr. Doom’ says global recession a 100% ‘sure thing’
Hong Kong-based economist and investor Marc Faber said on Thursday during an interview with CNBC's Closing Bell that a global recession is a 100% 'sure thing'.
China’s top copper producer establishes HK subsidiary to lower financing costs
China's biggest copper producer has established a wholly-owned subsidiary in Hong Kong in order to reduce the cost of financing raw material imports and future acquisitions.
