BHP Billiton

BHP Billiton's Jansen operation in Saskatchewan, Canada. Source: BHP Billiton

Cartel break-up raises doubts about BHP’s Jansen project

The break-up of one of the world’s two big potash cartels has spawned much speculation about the future of BHP Billiton’s (NYSE: BHP) Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch…


BHP Billiton's majority-owned Escondida copper mine in northern Chile's Atacama desert. Source: BHP Billiton

Chile’s mining challenges

VANCOUVER — As the world’s largest copper producer and a top-five producer of molybdenum and silver, Chile is a mining powerhouse. And with more than $70 billion in mining investment expected to lift copper production by 45% over…


Capstone buys BHP’s Pinto Valley

VANCOUVER — Most of the world’s mining majors are selling non-core assets so that they can optimize key operations, shore up earnings and cut back capital outlays. The shift follows a few years of overspending spurred by commodity…


Construction workers at K+S AG's Legacy potash project in southern Saskatchewan. Source: K+S AG

Legacy’s costs climb, K+S delays commissioning

VANCOUVER — News of a 26% capital-cost increase and six-month delay in start-up at the Legacy potash mine in Saskatchewan drove owner K+S AG’s share price to a five-month low, but the German fertilizer giant remains confident that…


A bucket wheel excavator at BHP's Spence open pit mine in northern Chile. Source: BHP Billiton

Capstone buys Pinto Valley mine from BHP

VANCOUVER – Most of the world’s mining majors are selling non-core assets to focus on optimizing key operations, shoring up earnings, and cutting back capital outlays. The shift follows a few years of overspending spurred by commodity…


U.S. markets, Apr. 15 – 19

U.S. stocks kicked off the trading week by posting their worst day since Nov. 7, 2012, with the Boston Marathon bombings, lower-than-expected Chinese gross domestic product growth and a tumbling gold price accelerating equity sell-offs . On…


A drill rig at Lumina Copper's Taca Taca copper project in Argentina. Photo by Trish Saywell

Lumina’s Taca Taca shows robust economics

A preliminary economic assessment of Lumina Copper’s (LCC-V) enormous Taca Taca project, among the world’s top-tier undeveloped copper deposits, demonstrates a US$2.1-billion after-tax net present value and a 17.2% after-tax…



The surface of Labrador Iron Mines' Redmond iron ore deposit in the Labrador Trough. Source: Labrador Iron Mines

Iron ore outlooks turn gloomy

VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…



Edward Thompson (left), PDAC's awards committee chair, presents Robert Quartermain, president and CEO of Pretium Resources, with the Bill Dennis Award. Photo: envisiondigitalphoto.com

PDAC celebrates 2013 award winners

The Prospectors & Developers Association of Canada (PDAC) handed out its annual awards at a gala during its eighty-first annual convention in Toronto this month. Award recipients were honoured for outstanding contributions and excellence in…



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