Anglo American appoints takeovers expert as new chairman

Anglo American (LON:AAL), the world’s fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group. Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November. Stuart Chambers is known for his active participation in the sale of several[…]

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Courtesy of: Visual Capitalist Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships. There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn’t have to look far back to[…]

Caterpillar soars as first quarter sales jump for first time in over two years

Shares in world’s largest heavy machinery maker Caterpillar (NYSE:CAT) jumped Tuesday as it reported a first quarter profit that far exceeded estimates thanks to a long-awaited pick up in sales and improved demand. For the first time in more than two years, the Peoria, Illinois-based company registered an increase in sales in several of the[…]

Iron ore, copper price plunge brings carnage to mining stocks

Mining and metals investors were offloading the sector’s big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea with President Trump sending an “armada” of US warships to the region. While gold was setting fresh 2017 highs on the back of safe[…]

Canada's Gov't gives mining explorers a full extra year of tax credit

Canada has decided to extend the Mineral Exploration Tax Credit, which was ending on March 31, for a full extra year, the country’s natural resources minister announced Sunday evening. Speaking to media attending the 85th version of the Prospectors & Developers Association of Canada’s (PDAC) International Convention in Toronto, minister Jim Carr said the 15% mineral[…]

Mining industry leaders meet again at PDAC 2017

The Prospectors & Developers Association of Canada’s (PDAC) International Convention, one of the world’s leading minerals and mining events, kicked off Sunday amid increased optimism in the global industry. Now in its 85th year, this annual event brings together the industry from around the world to downtown Toronto. More than 22,000 attendees from 125 countries were[…]

Canadian miners to implement voluntary principles on security and human rights

Today, the Mining Association of Canada (MAC) has announced a membership commitment to implement the Voluntary Principles on Security and Human Rights (VPs). Several MAC members already formally participate in the Voluntary Principles on Security and Human Rights Initiative (VPI) and several others apply the VPs for their operations abroad. With today’s announcement, MAC member[…]

Human activity creates 208 new mineral species

Nealite [Pb4Fe(AsO3)2Cl4·2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF. For the first time more than 200 mineral species has been identified that originated either principally or exclusively due to human activities – primarily as a result of mining. The study led by Robert Hazen of the Carnegie Institution[…]

Explorers frustrated with waiting times for permits in B.C., the Territories

Canada’s British Columbia and the Territories are the country’s mining districts where it takes the longest to obtain exploration permits, a new report released Tuesday shows. According to a survey of mining executives by policy think-tank the Fraser Institute, while Canadian provinces and territories fared well compared to international competitors in terms of issuing permits[…]

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Two Canadian provinces — Saskatchewan and Manitoba — are the world’s top two most attractive mining investment destinations, displacing Western Australia from the first to the third place, the latest annual global survey of mining executives released Tuesday by the Fraser Institute shows. According to Canada’s policy think-tank’s Annual Survey of Mining Companies, the other seven jurisdictions that currently[…]