Glencore: Massive investment in coal mines needed
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.
Number three iron ore miner looking at options to replace 80 million tonnes capacity on its way to 290 million tonnes annually.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies
CHARTS: Down 26% in a month the forward curve now points to the low $30s.
And while the Singaporean-based owners of the Basslink infrastructure have now targeted a revised restart for the end of this month, the new EnergyQuest report released today says the Basslink related economic losses to date are at best conservative.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
A sharp reversal in metals and minerals prices during May see top mining companies shed billions in market value.
The market has a buzz once again and Thibaut Lepouttre of Caesars Reportprofiles several companies that are reaping the rewards of being very active right now.