Australian-listed Minotaur Resources and partner BHP Billiton (BHP-N) have discovered what could be a significant Olympic Dam-style copper-gold deposit in the Mt. Woods area of South Australia.Minotau…
A serious fall in the demand for copper has caused BHP Billiton (BHP-N) to reduce production at the Escondida and Tintaya operations in South America by an estimated 170,000 tonnes on an annualized ba…
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Base metals were in a strong position at the end of the report period Nov. 5-9. In a delayed reaction to cuts to copper production, prices across the whole base metals complex broke through stops in t…
Partners Ingwe Coal and Tavistock Collieries will close the Rietspruit coal mine in South Africa.Ingwe is a subsidiary of BHP Billiton. Michael Oppenheimer, president of BHP Billiton’s energy and coal…
Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…
The biggest market-driver in the U.S. during the report period ended Nov. 6 was the Federal Reserve’s slashing of its overnight lending rate by 50 basis points to 2%, its lowest level in more than 40 …
Vancouver — A couple of years ago, an eastern commentator said B.C. stands for “basket case” and that the province’s exploration industry is in a coma. But if any industry is likely to survive tough …
Vancouver — Strong prices for iron ore and increased coal sales in Asia propelled the world’s biggest mining company to a profit of US$608 million (or 10 per share) in the fiscal first quarter ended…
Lac de Gras, N.W.T. — Ten years after Charles Fipke’s milestone diamond discovery in the Northwest Territories, the only major Canadian player left in the wake of recent acquisitions and consolidatio…
BHP Billiton has rehired 100 of the 400 workers who took part in an illegal strike at the Mozal aluminum smelter in Mozambique. A decision on the remaining workers is imminent.About two-thirds of Moza…
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