India could have trouble closing a shortfall in the supply of coal, after the world's largest coal company pulled out of a consortium to help India buy overseas coal reserves, The Economic Times reports.
Stricter environmental rules on new mining projects, combined with soaring labour costs, are making Vale SA, the world's leading iron ore exporter, less competitive against Australian rivals Rio Tinto and BHP Billiton.
A senior Iranian official says the country is set to improve its global ranking in the copper production industry to the world's 7th in the current Iranian year (started March 20).
Mines are running at full-bore in a modern-day gold rush fueled by never-before-seen prices that make Nevada, if it were its own country, No. 5 in the world for gold production.
Rio Tinto PLC RIO -2.50% has unveiled its latest iron ore mine development plans to start the construction next year of its Turee Syncline project in Western Australia, according to referral documents posted Friday on the Australian government's environmental website.
Gold has now made a bullish reversal on a weekly basis, as price rallied sharply on Thursday and Friday. Support held, which means gold could be on the verge of setting a double/triple bottom around $1,550.
HudBay Minerals Inc. ("Hudbay") (TSX:HBM)(NYSE:HBM) today announced that due to market conditions it is discontinuing the planned offering of US$400 million senior unsecured notes due 2020, which it had previously announced on May 14, 2012.