MINING.COM

Anglo American struggling to meet targets, mulls coal assets sale

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Cecilia Jamasmie | December 9, 2014 | 2:00 pm

Swedish iron ore miner Northland Resources goes bankrupt

Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.

Cecilia Jamasmie | December 8, 2014 | 3:00 pm

Forget ‘NewCo’: BHP Billiton spin-off named South32

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

Cecilia Jamasmie | December 8, 2014 | 11:26 am

260+ million tonnes of iron ore discovered in Uganda

Uganda may become a more important player in the African iron ore market, after a recent geological survey revealed much bigger deposits of the steel-making ingredient than found during colonial mappings.

Andrew Topf | December 8, 2014 | 12:30 am

Vale may settle Simandou lawsuit

Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.

Frik Els | December 5, 2014 | 10:28 pm

Vale to sell 15% of its $3bn Mozambique coal project to Mitsui

The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.

Cecilia Jamasmie | December 5, 2014 | 3:32 pm

China’s rising: best investment vehicle to make money from it

While China is struggling with its gross domestic product (GDP) growth metrics, the country’s main stock market—the Shanghai Composite Index (SCI)—is easily outperforming the S&P 500 and NASDAQ.

Daily Gains Letter | December 5, 2014 | 1:48 pm