Freeport to yield control of giant Grasberg copper mine to Indonesia
The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.
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Brazil to redo Amazon mining decree after criticism
Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.
Copper price powers on but doubts are starting to creep in
Hedge funds' bullish bets set new record, but is the copper market "overreacting to short-term conditions and ignoring several warning signs"?
Gold price leaps to 10-month high
Hedge funds flock to the gold market.
India launches world’s first diamond futures exchange
The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.
Third trapped miner dies at Harmony Gold South Africa mine
Two more remain missing after they were trapped underground following an earth tremor last week.
K+S Potash Canada and Pacific Coast open handling and storage facility
The premises is the western port destination for potash from KSPC’s new multibillion dollar Bethune mine in southern Saskatchewan, the first new potash mine in Canada’s premiere potash belt in nearly 50 years.
Glencore to offload second coal mine in Australia in less than three months
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
Caterpillar to build solar power plant for B2Gold Otjikoto mine in Namibia
The Canadian gold miner chose Caterpillar and Barloworld for 7 MW solar power installation at Otjikoto mine in Namibia.
