Vale to slash iron ore output target, but opening world’s largest mine in 2016
The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.
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Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.
Copper price: Lower for longer
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Moody’s: Alberta’s emissions program will preserve industrial sector credit quality
Although the strategy will completely phase out coal emissions in Alberta by 2030, the timeframe provides power operators the opportunity to transition away from coal toward renewable fuel sources.
Iron ore price hits record low
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
TOMRA Sorting’s XRT equipment recovers world’s largest diamond in over 100 years
TOMRA Sorting Mining congratulates Lucara Diamond Corp. (Lucara) upon the recent recovery of a magnificent 1,111ct type IIa diamond using TOMRA XRT (X-ray transmission) technology at their Karowe Mine in Botswana.
BHP hits fresh 7-year low as mud from Brazil disaster reaches Atlantic Ocean
The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.
Most copper producers in Chile barely breaking even — mining group
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
INFOGRAPHIC: Mining is a crucial industry for Manitoba
Learn about this, as well as mining's contributions to Manitoba in wealth and safety.
