Mining Sector
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Gold and Copper Miner, Newcrest Mining Reports Boost in Output

Gold and Copper Miner, Newcrest Mining Reports Boost in Output

Newcrest Mining, the Australia based gold and copper miner reported a 0.7 percent boost in output to 2.4 million ounces in this financial year. In the June quarter, production dropped 6 percent compared to the March quarter.

According to the miner, June quarter's output drop was mainly attributed to an extended suspension in production in Indonesia's Gosowong mine due to "geotechnical event" in February. One miner was trapped underground in this mine and was later rescued successfully.

U.S. Forest Service Express Deep Concern Over Twin Metals Minnesota Copper Mining Leases Close to BWCA

U.S. Forest Service Express Deep Concern Over Twin Metals Minnesota Copper Minin

Deep concerns were expressed on Monday by the U.S. Forest Service regarding the renewal of the Twin Metals Minnesota copper mining leases as they are in close proximity to the Boundary Waters Canoe Area Wilderness (BWCAW). Permission from the agency is crucial for the controversial project to get a green signal which the agency may deny.

BHP Billiton’s CEO says Brexit would Disrupt Decades of Trade Agreement

BHP Billiton’s CEO says Brexit would Disrupt Decades of Trade Agreement

BHP Billiton's CEO, Andrew Mackenzie says leaving the EU could disrupt years of trade agreement for U.K.

He joins the voices of FTSE 100 bosses who have been pleading with voters to opt for remaining within the EU. He says, claiming a Brexit could result in a "decade of disruption" to trade agreements. 'Brexit' is a shortened termed coined to refer to the withdrawal of the United Kingdom from the European Union.

Governor Brown of Oregon Inks Anti-coal Bill

Governor Brown of Oregon Inks Anti-coal Bill

Oregon became the very first state to wipe out coal from its power supply with Governor Kate Brown signing a new law. The state now has a strong demand for renewable energy sources compared to its peer states.

According to the new law, the state will eradicate coal-powered energy in phases till 2030. The law will also need utilities to provide half of the total power supplied to its customers through renewable sources by 2040. That doubles the state's earlier standard.

Global Slump Hurting American Iron Ore Mining Regions

Global Slump Hurting American Iron Ore Mining Regions

The slump in steel industry globally, which relates majorly to a slowdown in China, has punched hard on parts of Minnesota, which produces most of the iron ore in America. The chain reaction has affected jobs which are clearly visible in Aurora, a city in Saint Louis County, that's nestled on the east end of the Mesabi Iron Range.

Lily Mine Rescue Operation to Save Three Trapped Workers Suffers another Blockade

Lily Mine Rescue Operation to Save Three Trapped Workers Suffers another Blockad

Three miners have been trapped since several days at Lily Mine, close to Barberton in Mpumalanga, South Africa. The rescue operations hit another hunch as the drilling machine broke down soon after the rescue work started.

On Saturday, drilling started using a drilling machine that has ability to make a 600mm hole in the steel container in which the three mine workers Yvonne Mnisi, Pretty Nkambule and Solomon Nyarende still remain trapped. The trio has been trapped there underground for seventeen days since 5 February.

Iron Ore Price Could Move Up This Year

Iron Ore Price Could Move Up This Year

During the weekend, the iron ore price grew and could also earn further gains. After getting continuous bad news for eighteen months this may be good news for the commodity.

Reportedly, the recent positive news for commodity prices came with the news that a court ordered Vale, a top ranking Brazilian miner to shut down one of its ports for the time being flowing some supposed environmental breaches.

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