January 7, 2016

Komatsu to purchase equity of service company for mining equipment in Mexico

The firm is buying 60% of Road Machinery Co., S.A. de C.V, Mitsui's subsidiary in Mexico, which services Komatsu mining equipment.

January 7, 2016

Iron ore prices to fall back into the $30s — Citi

Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.

January 6, 2016

Private capital won’t touch mining

Only 0.6% of private capital raised in 2015 for natural resource investment is for mining projects–one wind farm fund attracted more than the entire sector.

January 5, 2016

Iron ore price 16% rally off decade low comes to abrupt halt

Hopes pinned on Big 4 to exercise their "unprecedented pricing power".

January 5, 2016

Miners, commodities traders brace for La Niña

The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones…

January 3, 2016

Argentinian lithium-potash project sold for $5 million

Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.

December 30, 2015

Millions of people being contaminated with toxic mercury used in mines

The largely unregulated use of mercury has created a major worldwide environmental hazard.

December 29, 2015

Chile’s copper miners still making money despite price collapse

Official figures contradict recent local reports showing that most copper miners in the country are barely breaking even at current metal prices.

December 28, 2015

The world’s 10 driest mines

Average annual precipitation at many of these mines is zero.

December 28, 2015

Freeport-McMoRan chairman resigns, shares plummet

The company's co-founder James Moffett will step down as chairman and quit the board.