Major banks’ commodities revenue down 25% in first half

Revenue earned by leading banks from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.6 billion from $3.5 billion in the same period of 2014.

Reuters | September 8, 2015 | 2:50 pm

Freeport lays off 650, slows operations at Chile’s El Abra mine

The Arizona-based mining company also said it is partially suspending operations at the complex until mid-September, as it cuts mining rates in half.

Reuters | September 3, 2015 | 12:23 am

South Africa seals mining jobs deal, proposes platinum plan

South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.

Reuters | August 31, 2015 | 7:09 am

South Africa’s mining industry to sign jobs pact – govt

The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.

Reuters | August 25, 2015 | 11:01 am

Most Canada oil sands crude being produced at a loss — report

More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.

Reuters | August 20, 2015 | 8:57 pm

Brazil’s Vale plans debt sale to expand Carajas railway

The board of Vale SA , the world's largest iron ore producer, on Wednesday approved plans to raise 1 billion reais ($287 million) from the sale of debt notes to expand the railway system at its Carajas ore mine

Reuters | August 5, 2015 | 5:01 pm

Potash Corp-K+S deal may limit further consolidation-Mosaic

A possible takeover of German potash miner K+S by Potash Corp of Saskatchewan would make further consolidation less likely, the incoming chief […]

Reuters | August 4, 2015 | 3:32 pm

Canpotex taps Cameco’s Seitz as next CEO

Canpotex Ltd, the potash export sales arm for Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc, said on Tuesday that Ken Seitz would succeed Steve Dechka as chief executive officer on Nov. 1

Reuters | August 4, 2015 | 3:30 pm

Bucking the global trend, South Koreans pile into gold

South Koreans are on course to buy a record amount of gold in 2015, worried that a meltdown in China's stock markets will destabilise South Korean equities and keen to replenish a traditional store of value in an era of low interest rates.

Reuters | August 4, 2015 | 12:41 am

For Indians, paper gold can’t beat the real thing

India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared 'black money'.

Reuters | July 13, 2015 | 4:45 pm

The fate of global rare earth miners rests on a China smuggling crackdown

The fate of debt-ridden U.S. rare earth miner Molycorp rests on China's efforts to crack down on networks that smuggled as much as 40,000 tonnes of the vital technology metals out of the country last year, driving down global prices.

Reuters | July 10, 2015 | 8:52 am

Cupric to spend $200 mln to build Botswana copper mine

Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, will spend $200 million to bring its copper-silver mine in Botswana to production.

Reuters | July 7, 2015 | 10:17 am

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