Prophecy’s Mongolian coal mine achieves record production

A Vancouver junior coal mining company that wants to build an underground coal mine in the Comox Valley on Vancouver Island has withdrawn at the last minute from an environmental screening, just as the Environmental Assessment Office was set to make a ruling.

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

Korean scientists create a cheap, flexible steel with a strength to weight ratio of today's best titanium alloys using a nickel catalyst.

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.