Glencore sells Australia coal rail unit for $874 million
With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.
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Done deal: Centerra Gold buys Thompson Creek for $1.1 billion
With the deal Centerra gets its hands on Mount Milligan, a large mine in British Columbia and reduces its reliance on Kumtor mine, in Kyrgyzstan, for cash flow.
Rio Tinto to ship less iron ore despite increased demand from China
Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.
2017 not so good for nickel: BMI
BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.
BHP Billiton to lose chairman Jac Nasser next year
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
Mergers and Acquisitions: An integral component contributing to the growth of the mining equipment market
Advancement in technology and increase in mining activities contribute to the growth of the mining industry.
Cat scales back room and pillar business
CAT said it remains committed to existing customers.
Gold Miners: The lull before the calm before the storm
The USD is up 5% in the last 3 months and gold is holding just above $1269/oz, as we write. The presidential election might be center stage but the possibility of a rate hike before the year end is being eagerly observed.
Brazilians disrupt BHP Billiton General Meeting in London, a year after deadly Samarco dam disaster
Outside the meeting, a street theatre re-enactment of the destruction of the Doce River in Minas Gerais, Brazil, was accompanied by testimonials from frontline visitors affected by the company’s operations in Brazil, Colombia and Indonesia.
