December 15, 2015

Barrick unveils early results of plan to buy back $1.15bn of its own debt

The miner, which began the year with an over $13 billion debt, has vowed to reduce the hefty figure by $3 billion before the end of 2015.

December 15, 2015

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

December 14, 2015

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

December 14, 2015

Diamond miners likely to cut prices further in 2016 to lift demand — Moody’s

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

December 11, 2015

World’s first seafloor miner inks copper sales deal with Chinese customer

The new agreement replaces a previous three-year contract that would have seen Nautilus supplying 1.1 million tonnes of unrefined copper ore to Tongling Nonferrous Metals Group.

December 9, 2015

Western Australia Iron Ore Overcoming Productivity Challenges

Immersive Technologies has released details on improvements their customers are achieving in Western Australia. Among the results reported are improvements in cycle times, production, time between machine failure and savings…

December 9, 2015

Hillary Clinton’s emails reveal pro deep sea miner move after request from son-in-law

The 2012 emails from an investor in Florida-based deep sea mining firm Neptune Minerals Inc. were forwarded to Clinton by her son-in-law and hedge fund partner Marc Mezvinsky.

December 8, 2015

Chinese commodity demand: Crisis. What crisis?

In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.

December 8, 2015

Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

December 8, 2015

Rio Tinto axes spending forecast by $1.5 billion

Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.