Caterpillar results prove global economy in good shape
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Centerra rejects unsolicited offer for its Kumtor gold mine in Kyrgyzstan
Centerra and Kyrgyzstan have had a series of disputes over sharing profits from Kumtor, and London-listed Chaarat was offering the nation to increase its stake in the project’s cash flow in the three-way deal.
Anglo delays Minas Rio restart until year-end, will lose about $400 million
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
Randgold expects Kibali gold output to rise thanks to automation
Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.
Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses
The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.
Petra Diamonds rallies on revenue growth, record output
Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.
DRC miners hopeful new code issues can be resolved
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
Newcrest plan to dump tailings in old Cadia open pit approved
The use of the pit as a tailing storage facility means the miner will sacrifice remaining gold and copper reserves to help it return to full production after a dam collapse halted operations at the underground mine complex.
HSBC pulls the plug on coal
Europe’s largest bank won’t fund new coal power plants, oil sands and arctic drilling, except in Bangladesh, Indonesia and Vietnam.
World’s top diamond producer first-quarter output hit by mine accident
Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.
How Rio–Glencore talks fell apart
In the end it wasn't about copper, iron ore or coal, but who was paying more.
