November 27, 2015

Gold down to lowest since 2010

Pressured once again by the belief that the Federal Reserve will hike interest rates next month.

November 27, 2015

Rio Tinto to go ahead with $1.9 billion bauxite project in Australia

The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.

November 26, 2015

BHP questions UN probe that said Samarco spill ‘toxic’

The UN’s human rights agency also said the companies did not take enough measures to prevent the disaster.

November 26, 2015

Copper prices may weigh on Rio Tinto’s looming decision on Oyu Tolgoi expansion

The company said it would announce a final decision on the matter early next year.

November 26, 2015

Obama boosts asteroid mining, signs law granting rights to own space riches

While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.

November 26, 2015

Follow the yellow brick road: a journey into the world of coloured gemstones

For nearly five centuries gemstones have been synonymous with wealth, power, luxury and royalty.

November 25, 2015

Anglo American shares close at lowest in 16 years on HSBC note

HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.

November 25, 2015

Alrosa’s revenue down in Q3 as sales almost halved

The loss was also an effect of the depreciation of the Russian ruble against the U.S. dollar and the revaluation of dollar-denominated loans and borrowings.

November 25, 2015

Vale to slash iron ore output target, but opening world’s largest mine in 2016

The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.

November 25, 2015

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.