August 2, 2017

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

August 1, 2017

Philippines says open pit mining ban to stay put

Environment and Natural Resources minister Roy Cimatu also said there was no rush to make decision on suspended, closed mines.

July 31, 2017

Upbeat China data sends iron ore soaring, climbs the most in 8 months

Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since…

July 28, 2017

Glencore acquires half of former Rio coal mine in Australia

The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto’s former coal assets in Australia's Hunter Valley

July 25, 2017

Copper price surges to 2-year high

Chinese data, tight supply light fire under copper price launching copper mining stocks higher – Freeport up 15%.

July 20, 2017

US steel production falls back in June

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

July 19, 2017

Price recovery sparks domestic Chinese copper, iron ore production boom

As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.

July 19, 2017

U.S., Chinese officials conclude contentious economic talks, steel stocks soar

The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and…

July 19, 2017

China Minmetals, China National Gold ‘unaware’ of merger talks

Sources with knowledge of the matter told Reuters on Tuesday that China was considering a merger between the two major metals and mining firms as Beijing pushed to consolidate its…

July 19, 2017

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".