Middle East
Hillary Clinton’s emails reveal pro deep sea miner move after request from son-in-law
Hillary Clinton’s emails reveal pro deep-sea miner move after request from son-in-law U.S. leading Democratic presidential candidate, Hillary Clinton, intervened in a request from her son-in-law on behalf of a deep-sea mining firm to meet with her or other...
Middle East
Freeport follows Anglo’s lead: suspends dividend, cuts spending, eyes assets sales
Freeport McMoRan is closing its Sierrita copper mine outside of Tucson, Arizona, and is considering selling minority interests in certain mining assets. Freeport-McMoRan Inc. (NYSE:FCX), the world’s largest publically traded copper producer, took a page of Anglo American’s books...
Middle East
Turquoise Hill jumps on 2016 guidance
Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped nearly 5% in early trade on Wednesday after the company announced 2016 production and financial guidance for its Oyu Tolgoi copper-gold mine in Mongolia. By early afternoon Turquoise Hill gave up most...
Middle East
Turquoise Hill jumps on 2016 guidance
Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped nearly 5% in early trade on Wednesday after the company announced 2016 production and financial guidance for its Oyu Tolgoi copper-gold mine in Mongolia. By early afternoon Turquoise Hill gave up most...
Africa
More than 400 jobs to go at South32 manganese mine in South Africa
More than 400 jobs to go at South32 manganese mine in South AfricaSouth32’s Hotazel Manganese Mines (HMM) are located in the manganese rich Kalahari Basin in the Northern Cape South Africa. The region is home to 80% of the...
Africa
Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring
Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuringAnglo American's overhaul reflects the dire straits the global mining industry is in these days. Shares in Anglo American (LON:AAL) nosedived Tuesday after the miner announced drastic measures...
Africa
DRA diamond plant recovers huge diamond at Karowe
Johannesburg based engineer and project delivery company DRA Global has commented that it is pleased and proud that its innovative process plant designs have assisted in the recovery of very large diamonds at the Karowe mine of Boteti Mining...
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