Middle East
World coal consumption to drop up to 4% further by year-end
World coal consumption to drop up to 4% further by year-endIEEFA's report suggests consumption of coal for power is likely to have peaked in 2013 and is set to decline by between 2% and 4% in 2015. After peaking...
Middle East
Caterpillar: Supercycle China isn’t coming back
With revenues of $50 billion a year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar. The...
Middle East
Copper price hits fresh six year low as Paris attacks continue to weigh in
Copper price hits fresh six year low as Paris attacks continue to weigh inSince May, the metal has lost around 25% of its value, due to the increasing strength of the US dollar and weaning demand in China. Copper...
Middle East
Brazil mine accident puts tailings ponds safety back in the hot spot
Brazil mine accident puts tailings ponds safety back in the hot spotThe next time a mining company decides against dry-stacking as a too-costly alternative to tailings ponds, its directors and shareholders may want to consider what a tailings pond...
Middle East
Iron ore price craters
The price of iron ore fell to within shouting distance of all-time lows on Tuesday as worries about oversupply continue to dog the market and steel prices in top consumer China fall to record lows. Benchmark 62% Fe import...
Middle East
Australian-owned iron ore mine in Norway files for bankruptcy
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day, Northern Iron told a new conference on Wednesday. Sydvaranger Gruve AS, which according to its website had 400 employees, was...
Asia Pacific
Current uranium market fundamentals strong – future is even brighter
With Japan finally restarting some of its nuclear reactor fleet (two reactors have come online since August) and China continuing its breakneck reactor build-out (with 29 reactors in operation and 22 under construction), the one commodity in the natural resource...
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