January 28, 2016

Australia, Germany, Japan at high environmental risk due to reliance on coal — report

The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.

January 27, 2016

Germany brings more gold back home

In 2015, the country’s central bank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults.

January 27, 2016

Antofagasta to lift copper output in 2016 after missing last year’s target

The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar…

January 27, 2016

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

January 27, 2016

Coal dropped from Vietnam’s future energy plans

Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar.

January 26, 2016

Gold hits 12-week high, on track for best month in a year

Bullion prices are also set for a gradual recovery this year as demand increases in Asia and mine production contracts.

January 26, 2016

Freeport-McMoRan reports 4Q loss on metals, oil slump

Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.

January 26, 2016

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important…

January 26, 2016

Samsung launches gold smart watch way cheaper than Apple’s

While Apple's costs $17,000, Samsung's is expected to go for about $520.

January 25, 2016

Iran goes beyond oil — to sign $5.4bn in mining deals with Italy, France

Iran is opening $29 billion of projects to foreign investors now that sanctions have been lifted.