February 10, 2017

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

February 9, 2017

Anglo American to sell Kumba despite iron ore rally — experts

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high…

February 9, 2017

Metso to support WWF Finland’s work to protect Saimaa ringed seal and John Nurminen Foundation’s Baltic Sea protection work

Metso has signed a sponsorship agreement with WWF Finland and the John Nurminen Foundation. Metso's support will be focused on the WWF's Saimaa ringed seal conservation work and on the…

February 9, 2017

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

February 9, 2017

Teck, Suncor up cost of Fort Hills oil sands project

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.

February 8, 2017

Locals ask Brazil to suspend Belo Sun’s gold mine licence

Opponents claim the miner intends to use cyanide, depositing toxic waste in a dam located just 1.5 km from the Xingu River, a tributary of the Amazon.

February 8, 2017

Investors keep flocking to gold, push metal to three-month high

Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.

February 8, 2017

Chinese race to grab Barrick’s stake in Super Pit hits roadblock

Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.

February 8, 2017

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

February 7, 2017

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.