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Stonegate Agricom halts work on Idaho project permitting as coffers empty

By: Henry Lazenby     Updated 15 minutes ago Phosphate project developer Stonegate Agricom has temporarily halted permitting activities at its Paris Hills project, in Idaho, citing financial constraints. The TSX-listed firm said third-party consultants appointed to finalise the groundwater model for permitting applications, had provided a... 

Iron-ore hits 5-/12 yr low as China mills cut output

By: Reuters     Updated 45 minutes ago Iron-ore prices hit their lowest in 5-1/2 years on Monday as some loss-making Chinese steel mills curbed output, ore supplies remained abundant and concerns persisted about the outlook for economic growth in China this year. Cooling Chinese steel demand forced some steel mills to bring forward... 

All eyes on Saudi Arabia as Control Risks considers ups and downs of oil price plunge

By: Simon Rees     Updated 52 minutes ago The end months of 2014 were grim ones for major oil-producing states everywhere, especially those in the Middle East. As the region continued grappling with the aftershocks of the Arab Spring and the threat of the Islamic State, they also watched the price of oil swoon. All eyes have turned to... 

All eyes on Saudi Arabia as Control Risks considers ups and downs of oil price plunge

Freeport's 2015 Indonesian copper concentrate output seen up 43%

By: Reuters     Updated 1 hour 7 minutes ago US mining firm Freeport-McMoRan is expected to produce two-million tonnes of copper concentrate from its Indonesian operations in 2015, up from 1.4-million tonnes in 2014, a mining ministry official said on Monday. "Last year they only gained permission to export in July and production was also... 

Cliffs Natural Resources suspends dividend, repays $400m in debt

By: Henry Lazenby     Updated 1 hour 11 minutes ago US iron-ore and coal producer Cliffs Natural Resources has suspended its quarterly dividend as part of accelerated plans to repay its outstanding debt balance. Cleveland, Ohio-based-based Cliffs on Monday said it had already reduced its outstanding debt balance by more than $400-million during... 

Eskom must go for stability before improvement – GE

By: Martin Creamer     Updated 7 hours ago Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the 137-year-old, 350 000-employee US... 

Eskom must go for stability before improvement – GE
Jeffrey Immelt

Social aspects of MPRDA ‘likely unconstitutional’, Presidency explains

By: Megan van Wyngaardt President Jacob Zuma sent the Mining and Petroleum Resources Development Act (MPRDA) Amendment Bill back to the National Assembly last week, as the Act was “likely unconstitutional” in terms of its social aspects. In a statement made on Monday, the Presidency said that the amended legislation... 

Social aspects of MPRDA ‘likely unconstitutional’, Presidency explains
Photo by Duane Daws
President Jacob Zuma

Diamonds stolen from Prieska mine

By: Sapa Sixteen men stole an undisclosed number of diamonds from a mine near Prieska on Monday morning, Northern Cape police said. "This morning at about 03:40, about 16 men stormed into a local mine near Prieska," said Lt Olebogeng Tawana. 

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