December 15, 2015

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

December 15, 2015

Market uncertainty pulls Canadian Mining Eye index down in Q3

The Canadian Mining Eye index declined 17% during Q3 2015, compared to a 4% gain in Q2 2015.

December 14, 2015

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

December 14, 2015

Ultra-deep mining network gains hosts 1st annual symposium

Canada’s Ultra-Deep Mining Network (UDMN) continues to make strides in solving the challenges that impact resource extraction in ultra-deep (below 2.5km) environments launching new Call for Proposals and Network Members…

December 14, 2015

Diamond miners likely to cut prices further in 2016 to lift demand — Moody’s

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

December 13, 2015

Bloom Lake finds a buyer in Champion Iron

Nearly a year after going bust, the troubled Bloom Lake Mine in Eastern Canada has a new owner.

December 13, 2015

Alberta Premier Rachel Notley facing backlash over oilsands emissions cap

After winning about five minutes worth of approval from the environmental movement for capping greenhouse gas emissions in the oilsands, Alberta Premier Rachel Notley is facing the uncomfortable task of…

December 11, 2015

World’s first seafloor miner inks copper sales deal with Chinese customer

The new agreement replaces a previous three-year contract that would have seen Nautilus supplying 1.1 million tonnes of unrefined copper ore to Tongling Nonferrous Metals Group.

December 11, 2015

Supply/demand balance in diamonds could be reached by mid-2016

Despite the fact that the diamond industry is heavily concentrated, and still possesses tones congruent with its relatively recently removed history of being a monopoly, end-consumer demand is still what…

December 9, 2015

US coal industry on board ‘slow-motion train wreck’— report

Analysts from McKinsey and Co. warn the U.S. is currently home to a collection of “zombie mines” that cannot turn a profit, but are too costly to close.