MINING.COM

How a China-US one-two punch floored gold price

New research by WGC shows massive amounts of bullion were dumped in Shanghai and New York precisely at the same time dropping gold by 4.3%.

Frik Els | July 23, 2015 | 11:16 am

Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Cecilia Jamasmie | July 23, 2015 | 8:15 am

Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Cecilia Jamasmie | July 23, 2015 | 5:30 am

Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Cecilia Jamasmie | July 22, 2015 | 9:15 am

Gold crash isn’t over — prices near five-year lows

The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.

Cecilia Jamasmie | July 21, 2015 | 3:40 am

The US coal industry just had the worst week in years

A wave of bankruptcy is sweeping an industry already hit by competition from inexpensive natural gas, tougher environmental rules and a global coal glut that has decimated prices.

Cecilia Jamasmie | July 20, 2015 | 6:22 am

Gold plummets to five-year low overnight

As heavy selling in early Asian trading hours tossed over a billion dollars’ worth of the bullion on the market in just a few minutes.

Cecilia Jamasmie | July 20, 2015 | 3:17 am

Chinese rare earth metals exchange to pay $6.4bn owed to investors

The announcement came after the Fanya Metal Exchange saw hundreds of investors protesting outside the building last week.

Cecilia Jamasmie | July 20, 2015 | 3:00 am

Nexen’s oil sands pipeline leak one of Canada’s largest ever

A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.

Cecilia Jamasmie | July 17, 2015 | 5:56 am

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