MINING.COM

Yancoal fresh loss casts doubts on planned acquisition of Rio’s mines

Industry observers believe Yancoal will face several challenges when trying to complete a $2bn equity issue to finance the acquisition of Rio’s coal mines in the Hunter Valley.

Cecilia Jamasmie | March 1, 2017 | 8:47 am

China’s coal consumption keeps plummeting, down for 3rd year in a row

Coal accounted for 62% of the nation’s energy mix last year, down from 64% in 2015.

Cecilia Jamasmie | February 28, 2017 | 9:05 am

Canada’s Saskatchewan and Manitoba are the world’s new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

Cecilia Jamasmie | February 28, 2017 | 1:55 am

US Lithium to mine for copper, nickel, cobalt in Canada’s Saskatchewan

The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.

Cecilia Jamasmie | February 24, 2017 | 6:31 am

Mining exploration spending drops to 11-year low

Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.

Frik Els | February 23, 2017 | 4:11 pm

Vale swings back into the black on soaring iron ore prices

The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.

Cecilia Jamasmie | February 23, 2017 | 6:20 am

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

Cecilia Jamasmie | February 23, 2017 | 3:07 am