Anglo American shares close at lowest in 16 years on HSBC note
HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
Latest Stories
Alrosa’s revenue down in Q3 as sales almost halved
The loss was also an effect of the depreciation of the Russian ruble against the U.S. dollar and the revaluation of dollar-denominated loans and borrowings.
How 4,000 Roman coins found buried in Swiss orchard reinforce gold ownership today
The coins’ excellent condition indicated that the owner systematically stashed them away shortly after they were made, the archaeologists said.
Vale to slash iron ore output target, but opening world’s largest mine in 2016
The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.
Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.
Copper price: Lower for longer
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Moody’s: Alberta’s emissions program will preserve industrial sector credit quality
Although the strategy will completely phase out coal emissions in Alberta by 2030, the timeframe provides power operators the opportunity to transition away from coal toward renewable fuel sources.
Iron ore price hits record low
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
TOMRA Sorting’s XRT equipment recovers world’s largest diamond in over 100 years
TOMRA Sorting Mining congratulates Lucara Diamond Corp. (Lucara) upon the recent recovery of a magnificent 1,111ct type IIa diamond using TOMRA XRT (X-ray transmission) technology at their Karowe Mine in Botswana.
