Nickel miner Panoramic has widened its losses for the 2015 financial year, as bottom-line figures were affected by lower production and declining revenues.

Shares in Freeport-McMoRan (NYSE:FCX) soared Thursday morning after the copper and gold miner said it would capital spending plans for 2016 by 29%, and reduce its U.S.-based workforce by about 10%.

Prefabricated building supplier Speedspace delivered 4,256 m2 of mobile preassembled building solutiongs to Botswana government-owned nickel and copper producer BCL last month.

South32, the miner spun out of BHP Billiton in May, said full-year earnings rose 41% helped by its aluminium and alumina operations.

In the second quarter EY’s Canadian Mining Eye index which tracks the performance of 100 TSX and TSX Venture mid-tier and junior companies managed to show gians for the first time in a year.

Mick Carew, a research analyst with Haywood Securities, hopes we have found the bottom of the commodity cycle but expects M&A activity to continue apace through the rest of this year and into 2016 as low metals prices force the hands of underfunded management ...

BHP spin-off South32 is looking to cut costs by $350m a year over the next three years and has flagged a first dividend for shareholders for early next year, as part of the new company’s first results, unveiled Monday.

Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter