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[…]

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[…]

Here’s what miners should expect and do in 2017

Los Bronces copper mine in Chile. (Image courtesy of Anglo American | Flickr.) Global miners, particularly Canadians, are showing increasing signs of optimism as commodity prices are on the rise, shallow growth is returning to different end markets, and most are in better cost positions than in the recent past, the annual “Tracking the Trends” report[…]

Infographic | The history of solar energy, going back to 4,000 B.C.

Harvesting the power of the sun has been a human endeavor since the beginning of civilization. After all, the sun puts out 3.8 x 10^26 watts of power, and NASA scientists estimate that even capturing 0.0001% of what hits the earth would be enough to service all of our current energy needs. Today, we’re obviously[…]

Capital allocation: Canadian miners' top priority for 2017

Capital allocation will be the top priority for Canada’s large mining companies going into 2017, as they’ll have to focus on directing money to the right projects and advancing them with the necessary funding in place, a new report released by PwC Wednesday shows. The mine of the future will embrace innovation and non-traditional ideas[…]

Mining accidents in China to spike as country digs more coal

Coal mining accidents in China are likely to spike in the coming months as the nation, the world’s top producer and consumer, scrambles to mine and burn more of the fossil fuel, authorities have warned. According to the country’s Work Safety Committee of the State Council, a government agency, the recent and sharp rally in[…]

China relaxes coal mining restrictions as supply tightens

China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source. The National Development and Reform Commission (NDRC) is now allowing companies to operate 330 days a year rather than the 276-day maximum previously imposed, Reuters reports.[…]

CAT and Trimble to strengthen mining technology collaboration

Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, and software developer Trimble said Friday they are extending their collaboration to bring mining customers improved operational decision-making capabilities. The agreement falls within the framework of an already established relationship between the companies aimed to transform the way mines manage their business, California-based Trimble said in a statement.[…]

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Mick Davis’ X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, has freed investors from their financial commitments after failing to score any deals in three years. Relatively high assets valuations and an investor veto on deals frustrated Davis and his[…]