Papua New Guinea’s Ok Tedi copper, gold mine halts production
The company is also slashing 30% of its foreign employees and 15% of the local workforce.
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Saudis expand price war downstream
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.
China planning to step up controls on coal imports — report
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
Mining data provider SNL acquired by McGraw Hill for $2.2 billion
SNL Financial was privately held by the private-equity firm New Mountain Capital LLC,, which purchased a 60% stake four years ago.
Fresh bloodletting among gold mining stocks
Hedge funds bet record 340 tonnes the gold price will continue to fall as bears rip into majors – Barrick falls to 1989 level, Goldcorp at 11-year low.
Chinese gold imports cut in half
Net June imports fall 48% from May as bargain hunters and safe haven buyers stay away despite stock market panic.
Australian firm wants Yukon Zinc’s Wolverine mill
Brisbane-based Minquest says buying plant of bankrupt zinc miner could save it $150m–200m to bring nearby copper project into production.
First Majestic announces friendly acquisition of Silvercrest Mines
"Combined company with production of well over 20 million silver equivalent ounces per year"
CHART: Coal lobbying expenses collapse
The spending decline comes as U.S. coal miners struggle to clear hurdles on the federal level, including both newly proposed measures and regulations already being implemented.
