MINING.COM

Commodity prices hit Caterpillar profit — down 25%

CAT keeps slashing costs as it tries to offset issues out of its control, such as the falling price for everything from iron ore to oil.

Cecilia Jamasmie | January 27, 2015 | 2:38 pm

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Cecilia Jamasmie | January 26, 2015 | 8:31 pm

Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

Cecilia Jamasmie | January 26, 2015 | 11:55 am

Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Cecilia Jamasmie | January 23, 2015 | 6:11 pm

Baja Mining’s long-delayed and almost dead El Boleo finally reaches production

Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.

Cecilia Jamasmie | January 23, 2015 | 11:08 am

Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Cecilia Jamasmie | January 21, 2015 | 3:18 pm

China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Cecilia Jamasmie | January 21, 2015 | 12:25 pm

Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Cecilia Jamasmie | January 20, 2015 | 4:11 pm

Rio Tinto’s diamond output down 14% in 2014

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Cecilia Jamasmie | January 20, 2015 | 11:45 am

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Central bank gold purchases decline 52% y/y in February

Indonesia nickel miners urge end to export ban

Shanghai iron ore, steel futures recover from losses in early trade

Don’t expect a crisis to be good for gold

Freeport Indonesia obtains new copper export permit

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