UK coal mine on hold after gov’t calls for public inquiry

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Miners have begun spending in equipment again, the Swedish firm's results show.

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

Two gold miners are dead and one is in critical condition after an underground gold mine near the Siberian city of Chelyabinsk partially collapsed.

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Production for the first three months of the year slumped 37% compared with the same period of 2016.