June 5, 2014

Newmont halts all operations in Indonesia, declares force majeure

The company is putting about 80% of its Batu Hijau mine employees on leave at reduced pay from Friday.

June 5, 2014

Miners profits sank 72% over past year, lowest level in a decade

Global net profits have dropped to $20 billion in the last year, with gold, coal and diversified miners being the worst affected.

June 4, 2014

Halved since 2011, EPA rules to push coal price down another 20%

EPA's radical new rules make building new coal-fired power plants unfeasible while 15% of existing capacity will be shut down within two years, reducing demand.

June 3, 2014

IEA: Coal mining needs $735 billion investment through 2035

With a further $300 billion in coal transportation infrastructure to meet global demand over the next 20 years.

June 3, 2014

Rio: $80 iron ore price means ‘a lot’ of miners will disappear

CEO Sam Walsh: "We are the lowest-cost producer in the world with costs of $20 per tonne; I think we’ll be OK."

June 3, 2014

Newmont stops copper output at Indonesia mine

The miner said its concentrate storage facilities have reached full capacity and that it is still trying to delay putting its employees on paid leave at reduced compensation

June 2, 2014

Obama unveils historical attempt to curb coal power plants emissions

The controversial regulation, which some lawmakers already are trying to block, is one of the most sweeping efforts to tackle global warming by this or any other administration.

June 2, 2014

Iron ore price breaks fall

After unnerving 7% slide last week, iron ore managed to eke out a small price gain Monday.

June 2, 2014

Centerra to shut Kumtor gold mine if doesn’t get permits

Despite apparently having made peace in February, Centerra and the the government of Kyrgyzstan have locked horns over the future of Kumtor mine.

June 2, 2014

Philippines eyes $1bn revenues from proposed new mining law

The new revenue-sharing scheme would see the government taking 55% of the industry's net revenues or 10% of gross revenue, whichever is higher.