As Rio Tinto and BHP Billiton ship more iron ore than ever to China, the Australia mining giants face a fightback from Brazil's Vale for market share that threatens to drive already weak prices even lower.
The Australian compa
Caterpillar is set to lay off another 50 workers at its East Peoria, Illinois, US, campus because of a downturn in demand for mining equipment, the company said.
The latest action brings to 270 the number of workers Caterpillar ha
An investment review at Qatar's wealth fund could lead to a cut in money allocated to the mining sector, potentially hitting ventures such as QKR Corp, according to five sources familiar with the matter.
Such a move would be t
Iran is planning investments of around $15 billion during its sixth five-year economic development plan (2015-2020) to develop mining projects and raise the production capacity of steel, aluminium and copper industries, a report said.
Several companies from as many as 16 countries are eager to invest in Iran’s mining sector, according to a report.
There were many applications for co-operation from German, Danish, Krygyz and Indian companies, besides Oman
Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, reported on Thursday its first-quarter net profit more than doubled year on year, but the earnings still fell short of analysts' forecasts.
US industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.
The dour rep
Italian consultancy D'Appolonia has won a bid to prepare a study on the viability of plans to create new industrial and mining projects in a 6,000-sq-km area extending from the Red Sea cities of Safaga and Al-Qusayr to Eastern Qena in Egypt,
Iran has allotted an investment of over €2 billion ($2.263 billion) on seven new steel projects, said Mohammad Reza Nematzadeh, industries, mines and trade minister of Iran.
Speaking at the the inaugural ceremony of the secon
Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to attract foreign investors deterred by political turmoil, the investment minister said on Tuesday.
But Asharf Salman ga