Mosaic cuts 8 percent of workforce at Canadian potash mine

Company has laid off 46 unionized workers, or 8 percent of the workforce, at its Colonsay, Saskatchewan potash mine as potash supply is outstripping demand.

Reuters | October 23, 2015 | 9:18 am

South Africa’s last bullion bluechip battles relegation

The Johannesburg stock market, the capitalist heart of South Africa's 'City of Gold', is close to relegating the last bullion producer in its bluechip index, the latest sign of the precious metal losing its place in an economy it once dominated.

Reuters | October 5, 2015 | 8:50 am

European shares lifted by rise in auto and mining stocks

European stocks were also supported by gains overnight on Asian and U.S. equity markets, with some traders viewing more weak Chinese data as a sign that Beijing may undertake further measures to bolster the country's economy.

Reuters | October 1, 2015 | 10:35 am

Australia mining stocks have never mattered less after 21% slump

Australia's stock market was once synonymous with raw materials. Not anymore.

Reuters | September 30, 2015 | 2:45 pm

Glencore’s Zambian unit plans to cut more than 3,800 jobs: government sources

Glencore's (GLEN.L) Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.

Reuters | September 23, 2015 | 3:39 pm

LME says in talks on launch of precious metals derivatives

The London Metal Exchange is in talks with the gold industry with a view to launching precious metals derivatives, LME Chief Executive Garry Jones said on Thursday.

Reuters | September 10, 2015 | 4:59 am

Potash Corp might be prepared to make hostile K+S bid

According to German newspaper Handelsblatt.

Reuters | September 9, 2015 | 11:40 am

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

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