Anglo Asian Mining back in the black as copper output doubles
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
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Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines
Company wants to become Australia’s largest independent coal producer.
De Beers’ Forevermark brand inscribes its 2 millionth diamond
The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.
Silver price: Hedge funds and retail investors part ways
Large scale futures speculators cut bullish bets on a rising silver price to a 16-month low while silver ETF investors gorge on metal at bargain prices.
Iron ore price drops to 7-month low
Chinese stockpiles at new record high and sovereign debt downgrade worry investors.
CEO sees little chance of Samarco restart in 2017
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Workers block access to First Majestic’s La Encantada mine in Mexico
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources
Transaction could become one of the country’s one of the biggest-ever equity sales.
Tanzania outs mining minister over alleged collusion with companies to evade taxes
Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.