One of the few remaining bulwarks propping up the US coal industry is languishing.
Prices for steelmaking coal, which has sustained miners as exports decline and power plants forsake the fuel, are down 22% since May as concerns about the global econom…
Coal’s last healthy market fades as trade woes weigh on steel Read More »
Machines are taking over a giant Chilean copper mine, replacing about a third of the workforce as owner Codelco struggles to keep its title as the world’s largest producer of the metal.
Codelco officially inaugurated underground operations at its cen…
Machines replace a third of workforce at century-old Chile copper mine Read More »
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines. Investor-friendly policies can help Ghana and other countries in the region drive the …
Africa’s largest fund manager sees next gold boom in West Africa Read More »
Kropz, which is almost half owned by South African billionaire Patrice Motsepe’s African Rainbow Capital Investments, is set to face a crucial test next month that will determine the future of its flagship project. Representatives of the Elandsfontein …
Billionaire-backed Kropz faces crucial water license hearing Read More »
A 14.83-ct pink gem found and cut by Alrosa is expected to fetch one of the highest prices ever for a diamond when the Russian company puts it up for sale later this year.
The oval stone, named The Spirit of the Rose, has been certified by the Gemolog…
Pink Russian diamond may rank among world’s most valuable gems Read More »
De Beers will let buyers reject more diamonds at a sale next week as the mining company shows almost unprecedented flexibility to ease a growing crisis. The Anglo American unit has told customers they can refuse to buy half of the stones offered that a…
De Beers will let buyers reject more diamonds to fend off crisis Read More »
Government geologist Gino Casassa steps down from the helicopter and looks around in dismay. Casassa is standing at the foot of a glacier, 4 200 m above sea level. The sky over the Andes is a deep blue, but something is not right: It’s July – mid-winte…
South America’s glaciers may have a bigger problem than climate change Read More »
Kazakh mining company Eurasian Natural Resources asked a British court to stall the UK’s pursuit of corruption charges following a six-year bribery investigation.
ENRC, once listed on the FTSE 100 Index, asked London’s High Court in a filing this mont…
Mining tycoons try to stall UK graft charges with court claim Read More »
The gold rally fueled by the US-China trade war is unleashing a growing wave of illegal miners who are increasingly pushing into fragile environments that range from Latin America’s Amazon to South Africa. Bullion has surged 18% over three months to th…
As gold surges, so does illegal mining tied to crime and illness Read More »
Guyana Goldfields, a miner that has lost more than half its value in the past year, is exploring options including a potential sale of the business, according to people familiar with the matter.
The Toronto-based company is working with advisers at Ro…
Guyana Goldfields is said to explore options including sale Read More »
