Iron-ore’s poised to hit $100/t, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand. That view follows advice from Goldman Sachs Group that investors should be closing bullis…
As Goldman backs off, Citi says chase iron-ore rally to $100/t Read More »
Giant mines currently under construction will churn out an additional one-million tons of copper through 2023, but that won’t be enough to fully close an expected gap between supply and demand in the next few years.
Industry analysts and executives de…
A million tons of copper is on the way, but it may not be enough Read More »
Barrick Gold boosted executive chairman John Thornton’s total compensation last year 67% to $12.9-million, rewarding the former investment banker for the company’s performance and his role in the merger with Randgold Resources.
Thornton received a $9….
Barrick’s deal-making chairperson awarded $12.9m in 2018 Read More »
Norway plans to tighten restrictions on coal investments for its $1-trillion sovereign wealth fund while opening it up for renewable-energy infrastructure assets.
The government proposes to expand its coal ban by adding absolute caps on production of …
Norway wealth fund to tighten coal ban, add green infrastructure Read More »
Its high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit. Newcastle thermal coal prices have lost almost $20 a ton, or almost 19 percent, since early March, making supplies from Australia …
Profitable coal trade beckons buyers brave enough to test China Read More »
The fate of a $10-billion mega-merger rests with Newmont Mining investors after Goldcorp shareholders overwhelmingly approved what could be the largest deal in gold mining history.
Greater than 97% of Goldcorp shareholders voted for the merger at a sp…
Goldcorp shareholders approve Newmont’s $10bn takeover bid Read More »
Saudi Arabian Mining Co wants to more than double gold output within five years.
Maaden, as the State-backed company is known, plans to boost gold output from about 415 000 oz this year to one-million by 2025, CEO Darren Davis said in an interview. Th…
Saudi Arabia’s gold miner plans to be a global top-20 supplier Read More »
With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group and rivals bring on new mines in Australia’s remote Pilbara r…
World’s largest iron-ore port expects more exports post Vale Read More »
The story of how two prospectors, down to their last nickels, discovered diamonds in Canada’s frozen north is the stuff of legend.
Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-ga…
Canada’s diamond miners are on their knees because size matters Read More »
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests. MMG, the Chinese-owned copper producer, is considerin…
MMG joins Glencore, ERG in reviewing Congo plans after tax hike Read More »
