Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

Vehicle lift leader Stertil-Koni today announced that Professional Auto Transport, a premier car haul carrier serving the western region of the U.S., has selected two of the company’s larger capacity, heavy duty vehicle lifting systems for the transporter’s brand new, state-of-the-art 14,000 square foot maintenance facility.

Stieber Clutch is using the platform of the Hannover Messe 2015 to launch an expansion to its range of load sharing and releasable backstops. The product range, which was originally launched at Hannover in 2013, features a compact design with increased torque capacity that helps avoid over specification of gearboxes. The latest additions are self-contained designs which are suitable for both high speed and low speed rotating shafts.

Kiruna Wagon has been selected to develop Europe's next generation of bulk wagons in an international project that is part of the EU's major investment in a competitive European industry, Horizon 2020. Also participating from Sweden are SSAB and the Division of Mechanics of Solid Materials at Luleå University of Technology, with particular focus on Solid Mechanics

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Canada's J.D. Irving Ltd. hopes to build a massive open-pit copper and gold mine at the state's Bald Mountain.

Chad Ulansky cut his teeth on Ekati, Canada’s first diamond discovery, but it’s uranium that he’s hunting for now in Canada’s frozen North.

Industry fears too many juniors chasing too few dollars will equal too few new mines.

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.