April 30, 2015

Vale falls victim of the iron ore slump, posts $3.2bn loss

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

April 30, 2015

Europe Stocks Post Biggest Slump of 2015 as Mining Shares Slide – Bloomberg Business

European stocks tumbled the most since December, with exporters deepening a drop amid a rally in the euro.

April 30, 2015

Zimbabwe eliminates tax on diamond sales, for now

The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.

April 30, 2015

Goldcorp posts loss on lower margins, higher tax

The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.

April 29, 2015

Climate change advocates will fail to cut coal consumption: Glencore

Chief executive Ivan Glasenberg said growing demand for cheap energy will secure demand for coal.

April 29, 2015

Vale, China in talks to build 50 giant bulk carriers — report

The order would be the largest in history for Vale's giant ships, known as Valemaxes, which can carry up to 400,000 deadweight tons.

April 29, 2015

Cliffs US sales beat estimates, turns a profit in Q1

But the miner revised down its 2015 U.S. iron ore sales and production volume estimate to 20.5 million tons, from its previous guidance for 22 million tons

April 29, 2015

Antofagasta cuts copper output forecast over rain, protests in Chile

Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.

April 28, 2015

Cleanup companies mired in mining sector’s woes

Many wastewater-treatment businesses struggling to make sales, attract investment

April 28, 2015

Majority of Barrick’s shareholders rejects compensation plan

As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.