Global Mining News in real time

North America News

Iron-ore prices at new 5-1/2 yr low as rout takes hold

By: Reuters     Updated 3 hours ago Spot iron-ore prices hit a new 5-1/2 year low on Thursday as more signs emerged of slowing Chinese economic growth, although iron-ore and steel futures in China edged higher on interest from bargain hunters. A deepening iron-ore glut and worries over a sharper economic slowdown in top buyer... 

Global gold output rises, but demand remains muted

By: Natasha Odendaal     Updated 5 hours ago Despite the lower gold price, global mine production continued to grow last year, increasing 2% to an all-time high of 3 109 t, the latest survey by GFMS showed. However, total physical demand fell 19% in 2014 as all areas, with the exception of official sector purchases, registered declines. 

Mining M&A hits 10-year low, deal activity likely to remain subdued

By: Esmarie Swanepoel Transaction volumes in the mining and metals sector reached a 10-year low in 2014, with transactions driven by divestments and forced sales in the face of falling commodity prices and risk-averse capital markets. It was fourth consecutive year of declining merger and acquisition (M&A) activity... 

Mining M&A hits 10-year low, deal activity likely to remain subdued

Walter Energy suspends quarterly dividend

By: Henry Lazenby Cash-strapped Walter Energy suspended its quarterly dividend on its common stock on Wednesday to enhance its financial flexibility in the current turbulent metallurgical coal market conditions. The pure-play metallurgical coal producer had previously paid a quarterly dividend of $0.01 a share. 

War for talent in mining just heating up – EY

By: Henry Lazenby With many a miner’s focus firmly trained on cost cutting and productivity, companies must not neglect talent management, professional services firm EY said on Wednesday. The end of the mining boom did not mean victory in the “war for talent”, according to a new report by EY, which said it was... 

War for talent in mining just heating up – EY

TSX drops over 1.5% as Fed statement stokes rate hike fears

By: Reuters Canada's main stock index dropped over 1.5% on Wednesday after the Federal Reserve's comments about the US economic recovery signalled to investors that the central bank was likely to raise interest rates as planned later this year. The Fed said it will remain "patient" in deciding when to raise... 

Giyani Gold on the prowl for M&As

By: Henry Lazenby Exploration junior Giyani Gold on Wednesday said it continued to work towards recovering funds owed to it by South African State-owned Corridor Mining Resources (CMR), its joint venture partner on the Giyani gold project, in Limpopo. TSX-V- and JSE-listed Giyani believed that the project area... 

Sandstorm Gold clinches ten royalty agreements on projects in W Africa and Nevada

By: Henry Lazenby Precious metals streaming firm Sandstorm Gold has entered into no fewer than ten royalty agreements on properties in West Africa and the US. TSX- and NYSE MKT-listed Sandstorm said this week that it expected the royalties to provide it with long-term exposure to a number of high-quality assets... 

Glencore mulls closure of some South African coal operations

By: Martin Creamer Diversified mining major Glencore is considering the closure of some of its coal-mining operations in South Africa, which would reduce its overall South African production by at least five-million saleable tons of coal a year and affect more than 1 000 employees. This announcement by the... 

Glencore mulls closure of some South African coal operations
Photo by Duane Daws
Ivan Glasenberg

Anglo may record noncash impairment charges in price plunge parry

By: Martin Creamer Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major, headed by CEO Mark Cutifani, added in a media... 

Anglo may record noncash impairment charges in price plunge parry
Mark Cutifani

US miner Cliffs seeks creditor protection in Canada

By: Reuters Iron-ore and coal miner Cliffs Natural Resources has become the third major US company in the past six months to seek creditor protection for its Canadian arm to try to isolate losses and protect shareholders.The miner said it had commenced restructuring proceedings in Montreal on Tuesday. The... 

US miner Cliffs seeks creditor protection in Canada

RoF access route land squabble headed to Court of Appeal

By: Henry Lazenby Prospective Ring of Fire (RoF) miners KWG Resources and Cliffs Natural Resources have been given the green light to take their quarrel over the right of way over an isthmus, narrow strip of land, connecting the remote Northern Ontario mining camp with the outside world to the Court of Appeal for... 

Aquila Resources to enter proposed ‘transformational’ financing with Orion Mine Finance

By: Henry Lazenby Project developer Aquila Resources has entered into an exclusivity agreement with Orion Mine Finance on a multilevel financing transaction that includes a private placement and a silver stream in exchange for funding $20.75-million. TSX- and Frankfurt-listed Aquila said on Tuesday that it would... 

Randgold’s Kibali mine making waves in the DRC

By: Henry Lazenby Africa-focused gold producer Randgold Resources on Tuesday said the Kibali gold mine, in the Democratic Republic of Congo (DRC), was now well advanced into the second and final phase of development that would take it to full production by 2018. LSE- and Nasdaq-listed Randgold was currently... 

Peabody Energy narrows Q4 loss on lower US, Australian costs

By: Henry Lazenby The world’s largest private-sector coal company Peabody Energy has slightly narrowed its fourth-quarter loss, as its efforts to reduce costs in the low-price environment gain traction. The St Louis-based miner, with 27 surface and underground mines across the US and Australia, on Tuesday reported... 

Freeport-McMoRan posts significant loss on oil, gas write-downs

By: Henry Lazenby Arizona-based copper, gold and oil producer Freeport-McMoRan reported a significant fourth-quarter net loss on Tuesday as it booked impairment charges of $3.1-billion, or $3 a share, on the carrying values of its oil and gas properties. The diversified miner said it was taking aggressive actions... 

On back of strong 2014, First Quantum disappoints with 2015 outlook

By: Henry Lazenby Base metals miner First Quantum Minerals late on Monday reported record copper output during 2014, noting that the current year would see its Zambia operations benefit from increased synergies as its new smelter was being commissioned and its new Sentinel mine started first production during the... 

Mining boosts world’s poorest regions – ICMM

By: Martin Creamer The global mining industry makes its biggest contribution in the world’s poorest regions, an International Council on Mining & Metals (ICMM) study has found. The study, which became available in published form on Tuesday, finds that mining spurs the growth and development of national economies... 

Mining boosts world’s poorest regions – ICMM
Photo by Duane Daws
Anthony Hodge

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Record-quarter Sibanye forecasting best ever 2015 gold output

By: Martin Creamer South Africa-focused gold-mining company Sibanye Gold, which achieved record latest quarter production, is forecasting best ever output for the new year. Sibanye, headed by CEO Neal Froneman, which hit the 452 700 oz (14 079 kg) quarterly high spot in the three months to December 31, is guiding... 

Record-quarter Sibanye forecasting best ever 2015 gold output
Photo by Duane Daws
Neal Froneman

JV reports first copper output from Boleo project, Mexico

By: Creamer Media Reporter The much-delayed and over budget Boleo copper/cobalt/zinc/manganese project, in Mexico, produced its first copper this month, with prior problems relating to the acid plant having been resolved, TSX-V-listed Baja Mining said in a statement. Joint venture firm and majority owner Boleo Minera y... 

Transition Metals and Implats expand Sunday Lake polymetallic discovery

By: Henry Lazenby Project generator Transition Metals's latest programme of diamond drilling at Sunday Lake, 25 km north of Thunder Bay, Ontario, has confirmed continuity of platinum group metal (PGM) mineralisation over an area about 700 m long and 300 m wide, at depths tested between 370 m to 800 m below... 

Seabridge Gold appoints independent panel to advise on KSM

By: Henry Lazenby British Columbia-focused project developer Seabridge Gold has established an independent geotechnical review board (IGRB) to review and consider its KSM project's tailings management facility (TMF) and water-storage dam (WSD), focusing on their structural stability and integrity. The IGRB would... 

Stonegate Agricom halts work on Idaho project permitting as coffers empty

By: Henry Lazenby Phosphate project developer Stonegate Agricom has temporarily halted permitting activities at its Paris Hills project, in Idaho, citing financial constraints. The TSX-listed firm noted on Monday that third-party consultants appointed to finalise the groundwater model for permitting applications,... 

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

By: Reuters 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 ups and downs of oil price plunge considered

By: Simon Rees 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 ups and downs of oil price plunge considered

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

By: Reuters 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 suspends dividend, repays $400m in debt

By: Henry Lazenby 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 Cliffs on Monday said it had already reduced its outstanding debt balance by more than $400-million during the... 

Petra declares dividend, ups diamond production guidance

By: Martin Creamer London-listed South Africa-focused diamond-mining company Petra Diamonds, which on Monday declared its first dividend, has pushed up production guidance to 3.3-million carats for the year to June 30. Petra, which operates the Finsch, Cullinan, Koffiefontein and Kimberley Underground diamond mines... 

Petra declares dividend, ups diamond production guidance
Photo by Duane Daws
Johan Dippenaar

Goldman Sachs slashes base metal price forecasts, ups gold

By: Reuters Goldman Sachs Group on Friday slashed its 2015 price forecasts for several base metals including copper and aluminium while raising its estimate for gold by $62/oz. "The primary reason for the changes to our forecasts is cost deflation - driven by a combination of actual and anticipated US... 

Goldman Sachs slashes base metal price forecasts, ups gold

Iamgold reports localised rock burst at Westwood mine, Quebec

By: Henry Lazenby Canadian gold producer Iamgold reported late Thursday that a rock burst occurred underground in the afternoon at its Westwood mine, in Quebec, causing ground fall in a confined area. While, access for four people was initially blocked, they were not injured and were able to exit the mine safely.... 

2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Latest News: Africa and Europe

Latest News: Australasia


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 13.07Change: 0.09
R/$ = 11.55Change: 0.03
Au 1256.44 $/ozChange: -29.51
Pt 1220.50 $/ozChange: -39.00