November 3, 2014

Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

November 3, 2014

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

November 2, 2014

Xstrata founder Davis bids for Anglo American assets – Sunday Times

Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday…

October 31, 2014

Colombian coal mine flooding kills 12

A perforation made in a subterranean water source had flooded the underground mine late Thursday.

October 30, 2014

Chile copper output down in sept. 2014 on shutdowns at major mines

Data published by the National Statistics Institute of Chile (INE), shows the country’s copper output has dropped by 5% during the month of September this year.

October 30, 2014

Weak iron ore prices cause Vale $1.44 billion loss in Q3

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

October 30, 2014

Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

October 29, 2014

Vale’s CEO shortlisted to be Brazil’s new finance minister

Analysts say only a business-friendly appointment followed by credible action to strengthen the fiscal accounts and control inflation would reassure markets.

October 29, 2014

Chile passes historic law to aid copper giant Codelco

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

October 28, 2014

Russia pushes forward plans to mine the moon

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.