October 31, 2014

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

According to The Times, Rio flagged the possibility of a writedown in August.

October 31, 2014

Colombian coal mine flooding kills 12

A perforation made in a subterranean water source had flooded the underground mine late Thursday.

October 31, 2014

First ruby and pink sapphire mine coming soon to Greenland

True North Gems expects to start production towards the end of winter of 2015.

October 31, 2014

U.K. Coal Authority launches mobile friendly version of Interactive Map Viewer

The application allows users to view selected coal mining information on a smart phone or tablet.

October 31, 2014

BHP’s Olympic dam expansion off agenda until prices improve

The miner blamed low metals prices and productivity inefficiencies for the decision.

October 30, 2014

Landslide halts rescue efforts at Turkish mine

Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.

October 30, 2014

Weak iron ore prices cause Vale $1.44 billion loss in Q3

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

October 30, 2014

Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

October 30, 2014

Barrick boosts ties with China, names Woo Lee as regional leader

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

October 29, 2014

No more mine deaths in Turkey

Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.