News

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officialsFreeport McMoRan Copper and Gold's Grasberg mine is the world's largest gold mine and third largest copper mine. Indonesia has began investigating claims that senior officials demanded to be granted...

Caterpillar sales down again, almost three straight yearsThe biggest declines in sales were in construction in Latin America (-41%) and in the resources industry in Asia (-37%). Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, put another nail in...

In the doldrumsThe once obscure Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago. The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes...

In an attempt to put the estimated 20,000 tonnes of gold households and temples on the subcontinent are hoarding to more productive use and alleviate pressure on its current account, the Indian government launched two new gold savings schemes a...

Lonmin’s Marikana mine concentrator plant. South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company said it...

Telferscot Resources Inc. (CSE:TFS) ("Telferscot" or the "Company") is pleased to announce that it has entered into a Letter of Intent (the "LOI") to sell its 2,775 common shares or approximately 7.4% interest in Kolwezi Copper Corp. ("KCC") for...

Anglo reshuffles top management team, waves iron ore boss good-byeAnglo American’s chief executive Mark Cutifani (Image from archives) Anglo American (LON:AAL) announced Thursday major changes at the senior management level, including the departure of its Brazil-based iron ore chief...