Batista loses control of his iron ore darling MMX
The ex-billionaire will remain the largest shareholder of the firm he founded in 2005.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
AngloGold expects more assets on the block before year-end
Forecast slump in gold prices to drive more mine sales, says the firm.
Codelco’s new CEO to lead the copper miner’s $25 billion revamp
Nelson Pizarro (73) will carry out the biggest investment plan in Codelco’s history.
Alpha to lay off 1,100 workers, mothball 11 coal mines in the US
The U.S. second largest coal producer blamed weak market conditions and increased government regulation for the decision.
ArcelorMittal back to profit despite challenging market conditions
The plunge in iron-ore prices is damping profits at the firm’s mining unit.
Glencore, ArcelorMittal seeking stake in Simandou: report
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
New gold fix to debut by year-end
The plan is to announce a third-party administrator by the end of September.
Mali revokes 130 mining licences
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
Australia’s Queensland resumes uranium mining
Nuclear energy production and waste disposal remain under a ban.
Aussie miners new dilemma: ore reserves up, exploration down
Half the firms surveyed by PwC reported an increase in their reserves compared to the previous financial year.
Stausholm dismisses rift rumours as Rio opens $2B mine
The official opening of the Western Range iron ore mine may mark Jakob Stausholm’s final visit to the Pilbara in his role as Rio Tinto CEO.