Mining exploration spending drops to 11-year low
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
Latest Stories
GFG Resources secures financing to stoke Rattlesnake Hill Gold Project
GFG Resources has closed a CA$5 million bought-deal financing, securing funding for ongoing exploration at its flagship Rattlesnake Hills gold project in Wyoming.
The discoveries keep on coming for Balmoral Resources
Balmoral Resources Ltd. announced that drilling has extended the Bug South gold deposit on the Martiniere Property in Quebec to a depth of 350 vertical meters and it "remains open down-plunge below this level."
Australian coal: turning the corner, but battle ahead
Things are looking up for the Australian coal industry.
Glencore sees zinc, nickel, copper price rally continuing
Wall of copper supply never materialized, nickel market recorded first deficit since 2010 and zinc, lead will only get tighter in 2017.
Stellar Diamonds to operate Tonguma mine in Sierra Leone
The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.
Vale swings back into the black on soaring iron ore prices
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
Glencore’s profit soars on commodities rebound
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
World’s deepest mine gets $1 billion injection
Work on AngloGold Ashanti's Mponeng gold mine in South Africa started in 1981 – a brownfield expansion project will extend the mine's life beyond 2050.
