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There is no Nazi gold train after all — Polish scientists

There is no Nazi gold train after all — Polish scientistsPiotr Koper and Andreas Liechter presented this image as evidence of the Nazi gold train they claimed to have found.   Scientists rooted out Tuesday a claim by two...

Joy Global swings to loss, cuts dividend

Joy Global swings to loss, cuts dividendU.S. maker of mining equipment Joy Global (NYSE:JOY) logged Wednesday an unexpected and sharp loss in its fourth quarter and announced it was cutting its dividend as it struggles to survive long-dragged drop...

Rio Tinto bets on lithium as Tesla yet to sign major supply deal

Mining giant Rio Tinto (LON:RIO) wants to be one of the first major miners to get a grip on the lithium market, one of the very few commodities, if not the only one, that has remained unaffected by the...

This is the 106-carat diamond Alrosa unearthed from its Jubilee pipe

This is the 106-carat diamond Alrosa unearthed from its Jubilee pipeRussia's Alrosa, the world's top diamond producer by output in carats, said Thursday it has recovered a 105.6-carat diamond from the Jubilee kimberlite pipe. The stone, described as being...

Down again: iron ore sinks below $40 a tonne

Vale’s Carajás iron ore complex, located in a remote corner of the Amazon rainforest. Iron ore prices got hammered again Friday, sinking to a 10-year-low of $39.40 a tonne, the lowest ever recorded by price assessor The Steel Index...

Anglo American set to announce dividend cut next week

Anglo American set to announce dividend cut next weekEarlier this year, Anglo announced a $3.5bn write-down related to the value of its flagship Minas-Rio iron ore project in Brazil. (Image courtesy of Anglo American) Global miner Anglo American (LON:AAL)...

Glencore axes jobs, coal output at Australia’s mine as price collapses

Mining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia’s north Queensland as a result of collapsing coal prices. The cuts would affect around 180...

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