Posts by Financial Times:

Argentina: Mining brings in dollars

Lately the economic news out of Argentina has been gloomy: flat growth plus high inflation, against a backdrop of foreign exchange and trade restrictions and a tough international environment. Yet foreign direct investment in the first half rose 33 per cent year-on-year, according to the central bank. How come?
Financial Times | August 22, 2012 | 6:28 pm

UK Coal faces questions of life and death

It was the last Friday in September last year, after a week dealing with the death of Gerry Gibson, killed in a rockfall at Kellingley pit in 2011, that the chairman of UK Coal decided enough was enough. There had been six deaths in five years at its...
Financial Times | July 29, 2012 | 5:53 pm

Anglo American – in at the deep end

Anglo American’s problems run deep – literally. Platinum mining in South Africa’s deepest mines is costly and dangerous enough. Anglo also has to contend with unsustainably high costs and feeble demand from automakers in Europe. The required further headcount reduction is a socio-political hot potato.
Financial Times | July 29, 2012 | 5:24 pm

UK Coal misses restructure deadline

UK Coal, which runs three of Britain's last five pits, is to miss a self-imposed deadline to restructure the debt-laden business as it attempts to pass some of its pension burden on to taxpayers.
Financial Times | June 21, 2012 | 5:38 pm

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy and complacent, and analysts fear it could be pumping up a credit bubble.
Financial Times | June 17, 2012 | 7:13 pm

Thohir plans coal-fired future for Indonesia

Coal exports are one of Indonesia’s biggest foreign-exchange earners. So it seems counterproductive for Jakarta to be considering export restrictions and increased royalties for coal, as part of a sweeping move to limit exports of raw commodities and promote job-creating processing plants being established.
Financial Times | June 11, 2012 | 5:17 pm

Aquarius halts mining after platinum falls

Aquarius Platinum, the world’s fourth-largest platinum producer by volume, has responded to a fall in prices for the precious metal by mothballing a mine jointly owned with Anglo Platinum, arguing that production had become uneconomic.
Financial Times | June 11, 2012 | 3:54 pm

Codelco buys in copper to meet deliveries

The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.
Financial Times | April 15, 2012 | 11:41 pm

Canada’s Sunshine Oilsands heads for HK IPO

Sunshine Oilsands, a Canadian tar sands company backed by Chinese state-owned enterprises, has shunned Toronto and will next month launch an initial public offering in Hong Kong that could raise as much as $600m.
Financial Times | January 30, 2012 | 10:05 am

Gold producers rush to boost dividends

Gold miners are rushing to boost their dividends in the hope of wooing investors from gold-linked exchange-traded funds and other vehicles. In the latest move, Iamgold, a mid-sized producer with mines in west Africa, Canada and Suriname, announced a 2...
Financial Times | December 11, 2011 | 6:31 pm

Rusal / Norilsk: the risks are high

The long-running struggle between rival oligarchs Oleg Deripaska and Vladimir Potanin for control of Norilsk Nickel, Russia's biggest miner by market value, is a poor advertisement for Russian corporate governance. Mr Deripaska's aluminium grou...
Financial Times | October 27, 2011 | 2:06 pm