Nickel miners will need to continue their focus on cutting costs if they are to emerge from the low price environment ready to drive a new wave of exploration and development once prices improve, the Association of Mining and Exploration Companies says.
Glencore said on Tuesday it was strong enough to ride out current volatility in commodity market, helping to lift the mining group’s shares by a fifth.
BHP Billiton yesterday released a new Economic contribution and payments to governments Report as part of its long-standing commitment to transparency and voluntary disclosure.
Miner KGHM International said it would cut 48 jobs at its Sudbury operations, in Ontario, as the company puts its McCreedy West mine under maintenance in response to weak commodity prices.
In order to protect its balance sheet in the face of depressed commodity prices, TSX-listed Sherritt International after market close on Thursday announced that the board had decided to suspend the C$0.01 per share quarterly dividend and to implement siginific...