U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…
Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…
Miners across the globe gritted their teeth in mid-November as commodity prices slumped further, continuing a decline that began more than a month ago.
Leaders in the mining industry are starting to recognize that automation is part of the answer to the sector’s productivity problems, says Michael Murphy, chief engineer, mining technology enabled solutions with leading mining sector…
After the excess investment and focus on production volume during the commodities supercycle, the new mantra of the mining sector is all about productivity.
VANCOUVER — Mining giants BHP Billiton (NYSE: BHP; LSE: BLT) and Vale (NYSE: VALE) haven’t offered much detail about a large-scale tailings dam breach at the Samarco iron ore joint venture in Brazil’s Minas Gerais state,…
Sinohydro, one of China’s oldest state-owned enterprises set up shortly after chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic Iron…
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit www.kpmg.com
With iron ore prices down by 31% in the last year, Capstone Mining (TSX: CS) is contemplating a different development plan for its 70%-owned Santo Domingo copper-iron project in Chile.
VANCOUVER — For project generator Evrim Resources (TSXV: EVM; US-OTC: EMRRF) the ongoing down swing in commodity markets provides an opportunity to pick up previously unobtainable projects with promising exploration histories.
Less than a year after Lundin Mining (TSX: LUN) acquired an 80% stake in Freeport-McMoRan’s (NYSE: FCX) Candelaria copper mine in Chile in a deal worth $1.8 billion, a Chilean environmental regulator has filed charges against the…
Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…
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