MINING.COM

Standard and Poor’s cuts Anglo American’s outlook to negative

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.

Cecilia Jamasmie | October 17, 2012 | 1:55 pm

Oil and coal save BHP’s September quarter results

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on expansion plans affected production figures.

Cecilia Jamasmie | October 17, 2012 | 11:00 am

China’s share of global mining M&A’s doubles as total deals decrease

China's percentage of international mining merger and acquisition deals nearly doubled during the first half of the year according to a new report from PricewaterhouseCoopers (PWC).

Marc Howe | October 17, 2012 | 2:49 am

Gulf in cost of borrowing reflects diverging fortunes of BHP and Fortescue

A gulf of difference in the cost of financing for Fortescue (ASX:FMG) and BHP Billiton (ASX:BHP) draws into relief the diverging outlook for the two iron ore stalwarts.

Marc Howe | October 17, 2012 | 1:06 am

Gold Fields issues ultimatum to 15,000 striking miners

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Cecilia Jamasmie | October 16, 2012 | 6:58 pm

Analysts warn miners of coup d’état risks in Mauritania

Mining companies with interests in Mauritania will face some challenges, but no major disturbances in the event of a coup d'état in the northwest African country, whose President was shot and flown to France for medical treatment on Sunday, say analysts.

Cecilia Jamasmie | October 16, 2012 | 4:18 pm