Mining

Leading mining company Rio Tinto has announced 2013 underlying earnings of $4.2 billion, down 18 per cent. The company argues that the result reflects lower average market prices and a higher effective tax rate, partly offset by record iron ore shipments and cost savings momentum. Rio Tinto’s net earnings of $1.7 billion include non-cash exchange […]

Fossil fuels affect us, and the world over, everyday. If we are not complaining about the price of petrol, then it is the utility bill at the end of the month. We rely on them, but they come with a frightening fee… In the news today, methane is leaking from the Arctic, a gas rig […]

Centamin plc (LSE:CEY) delivered a Q2 report that was astounding in terms of production at its Sukari gold mines.  Yet its share price tumbled this morning by 0.36% to 38.22.  Simply reading the report, one might expect the price to be ascending rather than descending.  Perhaps the fact that the Sukari project is in Egypt, […]

Medusa Mining shares (LSE:MML) are bound to continue falling further as the reality on the chart indicates. At the time of writing this forecast, the price was trading at 92.5, and it may fall further towards the support levels of 91.000 and 90.00 respectively. Historically, any upward surge in the price has invariably been a […]

Regular private and institutional buyers of rough emeralds in Singapore will have to leave the Southeast Asian Lion City and fly over five thousand miles to the African state of Zambia if they want to purchase the vitreous green mineral mined from the world’s largest emerald mine. Mila Kunis, spokeswoman for Gemfields (LSE:GEM), maybe disappointed […]

Alternative Investment Market-listed firms, International Mining and Infrastructure Corporation plc (LSE:IMIC) and Afferro Mining plc (LSE:AFF) have signed a definitive arrangement agreement for the acquisition of Afferro Mining by IMIC, both firms announced earlier today. Afferro, which had earlier received several offers, including from IMIC, since December 2012, agreed to the 120-pence per...

Diversified mining giant Rio Tinto plc (LSE:RIO) will keep its diamond business, the London-based firm in the midst of a divestment programme to strengthen its balance sheet hit by higher cost and falling commodity prices last year, said Monday. In a statement, Rio Tinto said it decided to retain ownership of one of the largest […]

Arian Silver stock (LSE:AGQ) now tries to find some bottom after an over-extended bear market. Could this be the beginning of a protracted rally or could it be just a pause in the context of a downtrend? The answer to the next possibility is given below, plus it pays to check the price data constantly […]

Recently minted commodities and mining powerhouse Glencore Xstrata said today the firm was able to raise a new set of syndicated credit facilities to replace the previous ones held by Glencore and Xstrata before they merged. An overwhelming show of confidence in the one of the world’s largest mining company was given by 80 banks, […]

Mining giant Rio Tinto plc (LSE:RIO) has agreed to sell its nickel-and-copper mine in United States as part of its cost-cutting measures, the Anglo-Australian firm divulged earlier today. In a statement, Rio Tinto said it has reached a binding agreement to sell the Eagle Project for US$325 million in cash to Toronto-based firm Lundin Mining […]