BHP to pay $840 million to break from coal in Chile

BHP Billiton's outspoken chief executive officer believes oversupply will keep global metals prices lower for much longer.

Mines minister Christopher Yaluma said reducing royalties below the recently revised 9% would make underground mining more cost effective.

The study, commissioned by Nautilus Minerals, shows seabed copper mining may cause less disruptions to the environment and local communities than terrestrial operations.

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.

On Thursday the stock lost over 7%, closing at 18.30 pounds, after having skyrocketed almost 120% from May 22 to May 26.

The company says each of its six mines will be shut down for three weeks in the third quarter.

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.