July 28, 2015 Papua New Guinea’s Ok Tedi copper, gold mine halts production The company is also slashing 30% of its foreign employees and 15% of the local workforce.
July 28, 2015 China planning to step up controls on coal imports — report As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
July 24, 2015 Anglo American to axe 53,000 jobs, put 15 assets up for sale “It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
July 23, 2015 Vale adds to iron ore supply glut — second highest ever quarterly output The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
July 23, 2015 Global miners improve policies on community consent, while oil and gas lag Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.
July 23, 2015 Coal slump hits Teck’s profit, output forecast The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
July 22, 2015 Iron ore prices hit by fresh evidence of looming surplus Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
July 22, 2015 Glencore to slash 380 coal jobs in South Africa It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
July 22, 2015 Myanmar opens door for Australian mining industry A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar's oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say.
July 22, 2015 BHP Billiton beats iron ore guidance, takes copper write-downs The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
Gold and silver prices stumble at the end of best year since the 1970s Both metals are on track for their best year since 1979. December 31, 2025 | 12:59 pm
