MINING.COM

Copper giants face cost cutting opposition in Chile

Labour action threatened after half the workers at El-Abra mine in Chile – jointly owned by world's top copper miners Codelco and Freeport – were let go.

Frik Els | August 31, 2015 | 4:18 pm

China’s Zijin hands $298 million to partner Barrick Gold

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

Cecilia Jamasmie | August 31, 2015 | 3:50 am

Codelco now mines copper for $1.40 a pound

Chile's state-owned giant slashes costs 11% and boosts production as it takes the fight to the competition amid slumping copper price.

Frik Els | August 28, 2015 | 1:29 pm

Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Cecilia Jamasmie | August 27, 2015 | 7:34 am

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

Cecilia Jamasmie | August 27, 2015 | 5:30 am

About 80% of Colombia’s gold output comes from illegal miners — Gov’t

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

Cecilia Jamasmie | August 27, 2015 | 3:05 am

Iron ore still in a bull market. What does it say about China?

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Frik Els | August 26, 2015 | 11:16 pm