Potash Corp. cuts profit hopes as earnings slide
Potash Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.
Cecilia Jamasmie , Editor-in-Chief
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Vale the newest casualty of China’s slowdown
Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.
Barrick misses expectations and delays Pascua-Lama
Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.
Antofagasta Minerals ‘scored’ with appointment of ex-Codelco CEO Hernandez: analysts
FTSE 100 miner, copper giant Antofagasta PLC (LON:ANTO) announced Tuesday it had appointed Diego Hernandez, the former head of state miner Codelco, a move qualified by insiders as “a goal” for the London-listed Chilean miner.
Third time’s the charm for Peru’s mining issues?
Faced with never ending environmental and social conflicts over mining projects, Peru's President Ollanta Humala decided yesterday to reshuffle his Cabinet… again…for the third time.
Suncor to delay joint venture oil sands projects
Billions of dollars in joint venture projects with partner Total E&P Canada will be delayed, said Suncor Energy’s new chief executive Steve Williams on Wednesday, as both companies are analyzing alternatives to improve their profitability.
Miners buying existing projects rather than starting their own: study
Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.
Slowdown? What slowdown? Caterpillar’s best quarter in history
Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.
G-Resources pours first gold at Indonesia’s Martabe mine
The Hong Kong-listed miner said on Wednesday that the start of production at Martabe marked a significant milestone for the company.
Botswana Diamonds recovers first gem at Libongo project in Cameroon
Botswana Diamonds has recovered a 2-carat, low value, near gem quality stone, which confirms the diamondiferous potential of the deposit.
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.