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Rio Tinto axes spending forecast by $1.5 billion

Rio, which is Australia's biggest iron ore exporter, has been a massive driver of expansions, adding millions of tonnes of seaborne supply to the market in the last year. Rio Tinto (LON:RIO) announced Tuesday fresh cuts to its spending...

Mining in Europe began more than 4,000 years ago, study reveals

Krause and his team, which includes archaeobotanists and a large number of students from Goethe University, have been researching in the area for 15 years. German researchers have detected traces of mining activity in Central Europe dating back to...

K+S Potash to hire 150 workers for its Canada’s Legacy project

K+S Potash to hire 150 workers for its Canada’s Legacy projectWhile some companies in Saskatchewan, Canada’s and the world’s potash heart, are axing production or set to layoff employees, Germany-based fertilizer producer K+S AG is looking to hire hundreds....

Vladislav Zhdanov appointed as Alrosa Vice President

Vladislav Zhdanov was appointed as Vice President of ALROSA, starting from 17 November. The competence of Vladislav Zhdanov will lie in economic security of the Company, he will also be in charge of internal audit and monitoring, risk management....

Saudis planning for a war of attrition in Europe with Russia’s oil industry

Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has...

Helena Marjaranta appointed Vice President, Global Communications at Metso Corporation

Helena Marjaranta, (FM) has been appointed Vice President, Global Communications at Metso as of December 1, 2015. She will be based in Helsinki. Helena's responsibility area covers external and internal communications. She reports to Urs Pennanen, Senior Vice President,...

Lonmin investors approve key $407m rights issue

Lonmin (LON:LMI) shareholders decided Thursday to approve a deeply-discounted $407 million share issue, as the struggling platinum miner seeks cash to stay afloat. Hurting from strikes, rising costs and weak platinum prices, the South African company said last month...

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