Glencore halts copper projects in Zambia over tax row
The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.
The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.
Increasingly, economists are calling the tune to which businesses and consumers dance.
Jay Taylor doesn't beat around the bush—he believes the price of gold is being suppressed to support the U.S. dollar and underwrite American foreign policy.
This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon.
The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.
Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.
Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.
Iron ore is the lifeblood of industrial development with China’s ‘build it and they will come’ policy driving prices to a high of over $180 per tonne in 2011. Flash forward and iron ore prices have slumped to break below $80 per tonne, the lowest level in 5-years.
The Centre for mining Excellence in Sudbury is launching a request for proposals that would be eligible for its $46 million Ultra Deep Mining Network, Northern Ontario Business reported earlier this month.
Alpha Natural Resources, Inc.(NYSE: ANR), announced Friday that Plum Energy LLC will construct a liquefied natural gas (LNG) plant on property adjacent to Alpha Coal West Inc.'s Eagle Butte Mine, near Gillette, Wyoming.