Newcrest expects writedowns to reach as much as A$6.2 billion
Gold miner will write $273 million off the value of its investment in gold miner Evolution Mining, and $360 million off fixed assets, inventory and exploration.
Latest Stories
South Africa’s top gold miners ask unions to mend relations
AngloGold Ashanti and Gold Fields top executives say hostility between workers and management can only damage the long-term viability of the country’s gold mines and projects.
Mining boom best days still to come: BHP CEO
World's largest mining company leader says demand for Australian commodities will increase about 75% in the next 15 years.
Glencore Xstrata sues Jamaica-owned firm over alumina shipments
Commodities trader claims Jamaica firm won't send the alumina it still owes Glencore due to a new agreement with another firm.
ABB wins $32 million contract to power Africa’s biggest copper mine
New substation to facilitate reliable power supply to copper mining operation in Zambia.
Vale hitting rock bottom, posts one of worst results in 10 years
Vale's profit fell 84% in the second quarter, mainly due to depreciation in the local currency and lower iron ore sales, the miner's key commodity.
France’s Areva running at full capacity after May suicide attack
Niger attack killed one worker, injured 14 in May.
Micromine Canada to Hold Mining Software Solution Product Demonstration at World Mining Congress Conference
Company will hold a product demonstration to showcase Micromine 2013’s two new modules at the World Mining Congress Conference in Montreal on August 13.
Double win for Athabasca Oil
Regulatory approval; share prices soar.
