Australian Vanadium signs agreement with Chinese steelmaker

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

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.

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

World number one miner BHP Billiton achieved record production for eight operations and five commodities over the last six months.

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.

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.

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

The move will see the miner taking control of the Borden Gold project in northern Ontario.

The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.