February 22, 2016

Petra Diamonds swings to loss as sales, prices dropped

The company remains upbeat and expects a better performance in the second half, driven by a recovery in diamond prices.

February 22, 2016

AngloGold Ashanti digs itself out of debt

The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.

February 22, 2016

Zimbabwe orders diamond miners to halt operations

Companies have been told to leave behind equipment and vacate their premises.

February 22, 2016

Barrick to spend about $2 billion in US, Peru gold projects

The world’s largest gold miner also said it would redeem up to $750 million in notes to help cut debt by at least $2bn this year.

February 22, 2016

Crude prices to remain depressed until 2017 even with oil sands coming to ‘standstill’ — IEA

Last year, the agency had forecast a "relatively swift" recovery. Instead, oil prices have continued to fall, hitting less than $30 a barrel, a level last seen in 2003.

February 19, 2016

New technology, automation to help miners survive commodity prices rout

When the worst collapse of commodity prices in nearly two decades finally ends, mining companies left standing probably will have more robots on their side.

February 19, 2016

Foreign firms’ future in Myanmar mining hangs on details

A new legal amendment has the potential to fundamentally alter the economics of mining in Myanmar and draw a new round of foreign companies to the country.

February 19, 2016

Cases of malaria on the rise in Colombia’s mining regions, study shows

Cases of the mosquito-borne disease in Colombia have been skyrocketing, but only in areas where mining activities have increased, a new study shows.

February 19, 2016

Decline of coal demand is ‘irreversible’

Goldman Sachs report is the latest in a long line of grim warnings, all of which point to a future of shuttered power plants, mine closures, and bankruptcies.

February 19, 2016

Australia’s Orica re-launches Minova

The new stand-alone business unit will focus on ground support products.