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Port Hedland Western Australia BHP

Mining giant cops $985M revenue loss from cyclone

A major global resources company has confirmed damage from Tropical Cyclone Veronica will bring up to $985 million in lost revenue. BHP predicts the category three system, which hit the area between...

Barrick Gold management team

$25B deal promised to create best mining company ever

The largest precious metal miner in the world wants to spend $25 billion on making what it claims to be the best mining company in history. Barrick Gold Corporation has offered US$17.8 billion ($24.8...

Glencore underground mine

Mining giant succumbs to climate change activism

One of the world’s largest diversified resource companies has yielded to mounting pressure from climate change activism, and will invest heavily in environmentally sustainable practices. Glencore has...

Laguna Gold

Aussie mining company collapses

The future of an Australian-owned mining company is in limbo after announcing its insolvency. Melbourne-based Laguna Gold recently appointed PricewaterhouseCoopers (PwC) as administrators for the...

#investor Rio Tinto share buyback programme

As announced on 8 February 2017, Rio Tinto plc and Rio Tinto Limited (“Rio Tinto” or the “Company”) is conducting a $500 million share buy-back programme to repurchase Rio...

5 Reasons to Invest in Gold Mining Stocks

Gold has always been among the most sought after elements because of its premier blend of beauty, rarity, and its unparalleled status as a method of exchange for the past centuries. Gold mining...

BHP COPPER OUTPUT SLUMPS

Mining giant BHP Billiton reported a slump in copper output Wednesday as strike action at the world’s largest mine for the metal dented production, while flagging the sale of some US shale...

Caterpillar sales jump -first quarter

Caterpillar (NYSE:CAT) shares have jumped after the company reported a profit for the first quarter of 2017. It was the first time they recorded a profit in more than 2 years, with an increase in...

Gold/Silver Index