December 2, 2015

World’s two biggest miners walking away from coal, but they are not telling

BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.

December 2, 2015

Canadian Oil Sands to stay in the black even if crude prices keep falling

The company, currently the target of a $4.3 billion takeover bid by Suncor, unveiled a pared-back capital budget that cuts spending by 20% year-over-year to $295 million in 2016.

December 1, 2015

Glencore could sell its troubled South African Optimum coal mine

Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to…

December 1, 2015

Swiss scientists make gold nugget ‘as light as air’

The gold nugget is also about 1,000 times cheaper than solid gold.

December 1, 2015

Barrick completes sale of 50% of Zaldívar copper mine to Antofagasta

The proceeds of the sale will be used to reduce a debt pile of $13 billion with a target of wiping out $3 billion this year.

December 1, 2015

Gina Rinehart’s Roy Hill iron ore mine readies for first shipment

Roy Hill iron ore mine will soon start exporting the steelmaking material, just as prices hit a fresh seven-year low.

December 1, 2015

De Beers’ Kimberley Mines sold to Petra Diamonds, Ekapa Mining for $7.2m

The sale marks the end of De Beers' century-long diamond mining history in South Africa.

December 1, 2015

ISIS, Turkey and oil – the bigger picture: interview with Pelicourt

Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.

December 1, 2015

BHP Billiton to slash copper production costs, increase output

The miner expects to lower production costs to $1.08 per pound during the 2017 financial year, from a projected $1.21 per pound in the year ending June 2016.

November 30, 2015

Canadian Oil Sands granted one more month to fend off Suncor’s hostile bid

The poison pill provision must expire by Monday, Jan. 4, 2016.