MINING.COM

Miner sees silver price surging ninefold as global gadgets boom

A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.

Bloomberg News | May 29, 2016 | 3:26 pm

Venezuela fights crisis with biggest sovereign gold sale since 2007

Venezuela held the biggest gold sale by a central bank in eight years as the country’s economic crisis deepened in the first three months of 2016.

Bloomberg News | May 25, 2016 | 12:44 am

A wildfire forced a state of emergency and evacuation in Fort McMurray. The fires also shut down several oil sands operations close by.

Crude falls as Canada to resume oil sands output after fires

Cooler weather is helping to control a blaze in Canada’s oil sands region and allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work.

Bloomberg News | May 23, 2016 | 12:33 am

Thailand to shut largest gold mine on environment concerns

Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.

Bloomberg News | May 13, 2016 | 3:47 pm

A year of few natural disasters shatters hopes for copper bulls

Earthquakes, landslides and strikes drive copper prices up and down in a normal year. 2016 is turning out to be anything but normal.

Bloomberg News | May 12, 2016 | 4:14 pm

Rio Tinto says new Mongolia output to supply into copper deficit

Rio Tinto Group’s $5.3 billion underground expansion of Oyu Tolgoi mine in Mongolia will increase its output in about four years time when the copper market is in deficit, according to the company’s deputy chief executive officer.

Bloomberg News | May 8, 2016 | 5:09 pm

Canadian crude prices surge as fire hits Shell, Suncor output

The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in as much as 1 million barrels a day of output.

Bloomberg News | May 6, 2016 | 1:45 am

Teck quarterly adjusted profit falls 66.6%

Teck Resources goes from dud to darling as coal makes a comeback

The company's shares have almost tripled this year, making it the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.

Bloomberg News | May 3, 2016 | 12:40 am