Japex postpones oil sands expansion project to mid-2017
Move will push up costs by Cdn$250 million ($187M).
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Copper price: Don’t expect any 2017 fireworks
Copper market remains well-supplied.
Platinum price back above $1,000 on South Africa wage deal
Comprehensive wage agreement brings stability to South Africa platinum industry, responsible for more than 70% of world output.
Atlas Copco goes cabless
Atlas Copco has just introduced the PV 275 CA, which is a fully autonomous and cab-less Pit Viper 275 blasthole drill.
Boart Longyear presents hands-free rod handling drill
Rod-handling is the number one cause of injuries and other injuries in drill sites.
Canada’s Quebec injects $130M into Tata Steel Quebec-Labrador iron ore project
Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.
Chinese coking coal futures hit the roof
The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.
World’s largest gold project just got rather expensive
Updated study shows it would cost $5 billion, or over 20% of Barrick Gold's current market value.
Weak commodities put infrastructure growth in emerging markets at risk — BMI
Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.
