MINING.COM

Simandou hearing delay hints at Vale-BSGR settlement

Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.

Frik Els | December 10, 2013 | 9:52 pm

Last time hedge funds were this bearish, the gold price was $700

Hedge funds are the least bullish on gold since 2007 prompting contrarians betting all the big sellers have been flushed out, to push gold higher Tuesday.

Frik Els | December 10, 2013 | 8:34 pm

BHP Billiton cuts spending by 25%

Chief Andrew Mackenzie highlighted he will base future decisions on BHP's "four key pillars": coal, iron ore, petroleum and copper.

Cecilia Jamasmie | December 10, 2013 | 7:33 pm

Alberta, oil sands lead the Canadian economy once again

But British Columbia is expected to become the fastest growing economy by 2015.

Ana Komnenic | December 10, 2013 | 6:47 pm

Employment prospects for Canadian miners don’t look good

Canadian mining companies are becoming increasingly unwilling to add employees to their payrolls and are reporting the weakest hiring intentions since Q3 2009.

Ana Komnenic | December 10, 2013 | 6:43 pm

Gabriel Resources’ latest setback: Romanian parliament rejects mining reforms

The legislation could have enabled Canada's Gabriel Resources to proceed with plans to build Rosia Montana mine, Europe's largest open cast gold operation.

Cecilia Jamasmie | December 10, 2013 | 4:58 pm

Metso’s intelligent grinding process solution guarantees maximum ore recovery at Altay Polimetally’s copper project in Kazakhstan

In addition to a grinding mill order earlier this year, Altay Polimetally has now chosen Metso as the supplier of a complete grinding system for their new copper mine in Kazakhstan. The order value is over EUR 30 million.

Metso | December 10, 2013 | 4:55 pm