Glencore shares soar on faster than expected debt reduction
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The heated legal battle between Anglo American and its Chilean adversary Codelco has finally come to an end as the parties announced Thursday that they've reached an agreement.
TransCanada's Keystone XL oil pipeline won a small battle Wednesday night as a Texas judge ruled in favour of the firm passing through a farm, after the owner took the Canadian company to court.
Canada’s federal government opened a can of worms Wednesday after announcing that a national park, to be created in the North of the country, will be smaller to make room for mining endeavours.
Gold Fields (NYSE:GFI), the fourth-biggest bullion producer, said it will fail to reach its predicted output target of 3.5 million ounces for 2012 and that it is revising its operations to increase the delivery of profits rather than ounces of the precious metal.
Silver may be a “poor man’s gold,” but investors who have stuck to it are finally cashing in on some dividends as the precious metal rose to $29.09 per ounce – 3.5% up on last week's close.
The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.