Middle East
China rings in 2016 with a stock market crash
Global stock markets fell Monday as worries over China's economy and instability in the Middle East combined to scare investors. Chinese bourses tumbled 6.9% in their opening session of 2016, its biggest decline on record for the first trading...
Middle East
Mining projects worth $56 billion to come on stream in Peru beginning 2016
Mining projects worth $56 billion to come on stream in PeruMMGโs gigantic Las Bambas mine is the largest China-backed mining projects scheduled to come on stream in Peru next year. Mining projects worth more than $56 billion are expected...
News
Former Aussie coal magnate Nathan Tinkler buys Anglo American mine
Nathan Tinkler was once Australia's youngest billionaire, but lost it all when coal prices crumbled. (Image from archives) Australian electrician turned mining entrepreneur, Nathan Tinkler, is once again trying to come back to the coal industry after signing a...
News
Gold on track to record third-straight annual loss
Source: Kitco Metals Live Charts. Gold prices were mostly trading in negative territory Wednesday morning in the U.S. amid light volumes and weak oil prices. February delivery on the Comex division of the New York Mercantile Exchange was last...
Latin America
Dominion Diamond shareholders revolt, call for changes
Ekati mine aerial view, August 2010. (Image by Jason Pineau, WikiMedia Commons) Displeased shareholders of Canadaโs Dominion Diamond (TSX, NYSE:DDC), the worldโs third largest producer of rough diamonds by value, are stepping up efforts to force a company overhaul....
Middle East
RPM and Schneider seek joint opportunities
RungePincockMinarco (RPM) and Schneider Electric (Australia) have signed an agreement to jointly explore business opportunities in the mining industry. The companies will leverage existing customer and partner networks within the industry where they provide software and services. RPM logoRPM...
Africa
Thiess awarded UHG contract extension
CIMIC Groupโs global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue...
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