Caterpillar to axe 10,000 jobs over next three years
It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.
Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.
South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the local mines.
The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.
South Africa's gold output continues to fall, dropping a further 2.9% in May. The last time the country's mines produced this little, the nation was still ruled by the Queen of England.
Despite the recent deadly and divisive disputes over mining projects in Peru, London-based mining giant Anglo American got the green light from the regional government of Moquegua for its $3 billion Quellaveco copper mine.
The Chinese economy logged 7.6% of growth in the second quarter, falling beneath the 8% threshold for the first time in three years, and hitting its lowest level since the first quarter of 2009, when the global financial crisis was still raging.
Glasgow residents could have a convenient and plentiful source of geothermal energy right beneath their feet, in the abandoned mineshafts and mining structures buried under the city’s streets.
Spanish photographer Palindromo Meszaros has released a series of haunting photos depicting the devastating impact of a toxic aluminum spill in 2010 upon forests and rural communities in Western Hungary.