Codelco says more pandemic restrictions would be ‘catastrophic’

No money for iron ore.

Codelco, the world's largest copper company, is planning to reduce costs by $1 billion in 2015, as the copper price remains mired in lows not seen since recessionary 2009.

It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.

Stimulus in China and production cuts should support the price.

"If the downstream slope had been flattened, failure would have been avoided. "

Report is releasd.

The decision caps off a dreadful month for South Australia’s mining sector.

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.