MINING.COM

Australia’s biggest underground mine halts production

The power outage was the product of strong winds and heavy rain caused by what has been called “the most extreme weather system” that has hit the area in decades.

Cecilia Jamasmie | September 29, 2016 | 9:23 am

Kirkland to buy Newmarket Gold in Cdn$1 billion deal

The combined company, to be known as Kirkland Lake Gold, will have a market capitalization of about Cdn$2.4 billion and produce more than 500,000 ounces of the yellow metal a year.

Cecilia Jamasmie | September 29, 2016 | 7:00 am

Will Anglo stick to radical restructuring plans?

A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.

Frik Els | September 29, 2016 | 12:46 am

US miner goes after rare earths in the Cook Islands

Texas-based Ocean Minerals says the area is also rich in scandium, a key ingredient for making an extremely light, strong, corrosion resistant, heat tolerant and weldable alloy.

Cecilia Jamasmie | September 28, 2016 | 8:05 am

Coal rally puts the brakes on asset sales in sector

Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.

Cecilia Jamasmie | September 28, 2016 | 6:00 am

Iron ore price: High cost miners face bloodbath

Increased supply from Brazil and Australia will results in 300 million tonnes of price-induced curtailments through 2020 says new report.

Frik Els | September 27, 2016 | 6:10 am

Iron giants to add 200 million tons of supplies through 2020

The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.

Bloomberg News | September 26, 2016 | 7:46 pm