Joy Global surprises with quarterly profit, shares jump
The results, which surpassed Wall Street expectations, come on the back of a modest increase in service sales and aggressive cost cuts.
Latest Stories
Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates
Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.
GRAPHIC: Uranium juniors defy bear market pricing
Uranium's down more than 20% in 2016, dragging down producers. Uranium exploration stocks have moved in the opposite direction – something's gotta give.
INFOGRAPHIC: Why does solar power make sense for mines in Latin America
Mining is a key contributor to the economies of Chile and Mexico and without sizeable amounts of power they would not be able to run.
Chinese factory jobs are disappearing – copper pays the price
Fresh fall brings monthly copper price decline to more than 10% as gauge of Chinese manufacturing shows rate of job losses near post-financial crisis record.
Gold down on US manufacturing data, interest speculation
While the metal lost nearly 6% in May, its biggest decline in six months, it is up about 15% so far this year.
‘Aurora Green’ diamond smashes records after fetching $16.8 million
It set a world auction record for a green diamond and became the highest price per carat ever paid for a gem that colour.
Someone stole this $5 million diamond-encrusted gold eagle statue
The golden statue was supposed to be the centrepiece of a campaign launched in conjunction with a series of books and events to raise money for cancer research.
Brazil’s mining sector to recover lost ground as iron ore, metal prices stabilize
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
