Coal mine Cerrejon to reduce output amid low prices, possible court ruling

Deloitte CEO Glen Ives believes the mining industry will 'revolutionize' the way it approaches projects in the coming decade.

U3O8 Corp. (TSX: UWE; OTCQX: UWEFF), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, has signed a definitive agreement to acquire all of the shares of Calypso Uranium Corp. ("Calypso").

"[The] economics of the project are not in line with Vale’s commitment to discipline in capital allocation."

Its cash-and-stock offer for Inmet expires late Monday night, unless extended.

The closure will leave more than 1,000 workers unemployed.

Newmont's subsidiary Yanacocha said it is evaluating new projects in the region.

Workers accepted a three-year contract with a signing bonus of $7,000.

The country could be putting out millions of pounds within five to six years.

The current slowdown is just a pause in the commodity supercycle’s 'continuing spin.'