Lonmin may shut down if shares sale flunks
The radical decision would make of the platinum producer the biggest casualty of the ongoing commodity rout that is hurting miners worldwide.
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Glencore shares soar on faster than expected debt reduction
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
Skeena acquires GJ copper-gold project
Acquired from majority owner Teck Resources Limited
These 10 mines will set the copper price for the next decade
Producing nearly a quarter of global copper, these gigantic mines are undergoing multi-billion dollar expansions.
Gold price: Hedge funds ready to dump 430 tonnes
Five days of selling drops gold price nearly 6% ahead of crucial US jobs numbers on Friday as large futures investors liquidate massive bullish positions.
Silver Wheaton pays $900m for Glencore silver stream
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
Chile’s Codelco lays off over 4,000 workers
The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.
Christie’s expects $28 million for this pink diamond
The stone is the largest cushion-shaped Fancy Vivid Pink diamond ever to go on sale at an auction.
Sandvik advances further in longwall mining
Sandvik continues its successful development of equipment for longwall mining with the launch of its next generation Sandvik MB670-1 bolter miner. The new Sandvik MB670-1 increases productivity, reduces total cost of ownership and improves safety and ergonomics for operators.
