Vale sees iron ore prices coming back to historical levels
CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.
Cecilia Jamasmie , Editor-in-Chief
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Australia becomes world’s first developed nation to repeal carbon laws
The country, one of the largest per capita greenhouse gas emitters, no longer has a carbon tax.
Anglo American platinum production down 40% after S. Africa strike
Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.
After winning the silver fix, CME goes for the gold
The exchange would bid to be involved in a new process, which may turn the current twice-daily gold price-setting conference call into an electronic auction.
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit
Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."
Joy Global shares jump on takeover rumours
About 6.2 million shares changed hands by 10:45 a.m. Wednesday, significantly more than the daily average of 1.3 million shares a day.
Cameco expects Australian regulator decision on uranium mine shortly
The company also said that ore from its Cigar Lake mine, in Canada's Saskatchewan, would not be milled until early 2015, instead by the end of the year.
London gold fixing firm seeks 3rd party to run benchmark
The firm that operates the global price benchmark confirmed it has begun a request for proposals (RFP) process to find a new administrator for the fix.
Barrick Gold ousts CEO Sokalsky in major shakeup
The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.
Pilbara expansion boosts Rio Tinto iron ore output
The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.
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.