November 19, 2015

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials

The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.

November 19, 2015

Lonmin investors approve key $407m rights issue

The move will allow the platinum miner to restructure its debt and, it hopes, weather an ongoing decline of platinum prices.

November 19, 2015

Gold Fields deciding Ghana’s mine fate, as bullion prices dive

Its Damang mine in Ghana is struggling with current gold prices, the firm said.

November 18, 2015

Top 15 copper mines worth $103bn less than a week ago

The value of reserves at the world's largest mines drop after copper price takes another hit.

November 18, 2015

Helena Marjaranta appointed Vice President, Global Communications at Metso Corporation

Marjaranta will be based in Helsinki, covering external and internal communications.

November 18, 2015

Five miners rescued in Tanzania after 41 days trapped underground

They survived by eating roots, cockroaches and frogs, and drinking drips of muddy groundwater.

November 18, 2015

Australian-owned iron ore mine in Norway files for bankruptcy

The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.

November 18, 2015

Suncor cuts oil sands output for 2016

Canada's dominant oil sands player, however, plans to spend about $900 million more next year.

November 18, 2015

Teck Resources to axe 1,000 jobs, lowers dividend

With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.

November 18, 2015

Saudis planning for a war of attrition in Europe with Russia’s oil industry

Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.