April 26, 2016

Freeport axes oil and gas workforce as it posts sixth straight loss

The company, which is the US biggest miner by market value, is cutting 25% of its workforce to reduce debt.

April 26, 2016

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

April 26, 2016

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

April 26, 2016

Eldorado Gold to sell Chinese mine for $300 million

Jinfeng produced 149,655 ounces of gold in 2015 and is expected to generate 95,000-105,000 ounces of gold this year.

April 25, 2016

Czech coal miner NWR on the verge of collapse as rescue talks freeze

NWR warned that unless the government and creditors agree on the firm's restructuring by Friday, it would have to consider filing for insolvency of OKD.

April 25, 2016

Power cuts weigh on Randgold’s Ivory Coast mine output

Energy supply issues also hurt equipment at the miner's Tongon gold operation in the first three months of this year.

April 22, 2016

Metso keeps suffering from global mining slump

The Finland-base supplier posted a lower-than-expected quarterly profit and new orders, as miners are not spending much on grinding mills and crushers.

April 22, 2016

De Beers moving out of historic London HQ

The famous De Beers office at Charterhouse St., adjacent to the Hatton Garden diamond district, is one of the assets Anglo is considering to sell to cut its debt burden.

April 22, 2016

This insect’s guts could be key for mining remediation

The new method would allow for specialized plants, which are critical for biodiversity, to be re-established faster around old iron ore mines.

April 22, 2016

Broken tax pledge irks Nova Scotia mining industry

The Atlantic Canada province now has two strikes against it in the eyes of Nova Scotia’s mining companies.