July 26, 2013 Anglo’s Cutifani won’t take ‘unacceptably poor’ performances any longer: heads may roll He also cut down his executive team and said at least half of Anglo’s $17 billion project pipeline will be shelved or cancelled.
July 25, 2013 BHP approves $2 billion Escondida water project The new 2,500 litre per second sea-water desalination plant will be commissioned in 2017.
July 25, 2013 Teck profit dives, freezes projects in Canada and Chile The Vancouver-based firm also increased its cost reduction target to $300 million, up from the previous target of $250 million.
July 25, 2013 Junior miners going bust? CEOs weigh in on state of the industry Following an 18-month downdraft in the sector, many investors have tough questions for these management teams.
July 24, 2013 EPA admits to spending over $2 million on Pebble Mine assessment White House EPA nominee grilled over watershed assessment.
July 24, 2013 Wage talks in South Africa’s gold sector reach standstill: strike imminent The National Union of Mineworkers (NUM) said the 1% increased offered was an insult to workers and that dispute is now going to arbitration.
July 24, 2013 Copper hits 5-week high on European manufacturing growth Euro area manufacturing expands for the first time in two years.
July 24, 2013 Public hearings begin over proposed $1bn BC gold mine Federal environmental agency rejected the proposal in 2010.
July 24, 2013 Challenging a long-held assumption about commodities The bull market in commodities last decade was mainly a reflection of a sustained fall in the U.S. dollar.
July 23, 2013 Freeport profit down 32%, to cut capital spending by $1.9bn As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.
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