World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
IBT Staff Reporter
Oct 27, 2011
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
IBT Staff Reporter
Oct 27, 2011
Argentina's oil, gas and mining companies must start repatriating all export revenue, according to an order by President Cristina Fernandez de Kirchner's administration, which is struggling to halt capital flight from the inflation-plagued economy.
Mike Obel
Oct 26, 2011
Freeport-McMoRan Copper & Gold Inc. has declared force majeure on concentrate sales agreements from its strike-hit Grasberg mine in Indonesia, the Arizona-based firm said on Wednesday.
Mike Obel
Oct 26, 2011
Townspeople in northern Peru are demanding an end to construction of the $4.8 billion Minas Conga gold mine because they fear it will threaten local water supplies, residents said on Tuesday.
Mike Obel
Oct 25, 2011
Mauritania's current economic growth rate is not high enough to significantly dent poverty and the country will next year face the twin challenge of drought and uncertainty over mining revenues, the International Monetary Fund said.
Jack Kim
Oct 25, 2011
The Eurasian Development Bank, a state-run joint venture between six former Soviet republics, has agreed to lend about $100 million to a Kazakh gold miner to help boost output of the precious metal in the Central Asian country.
Mike Obel
Oct 25, 2011
Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.
IBT Staff Reporter
Oct 24, 2011
Animal lovers gathered at JFK for Jack the Cat Awareness Day in honor of the flummoxed feline that went missing in the hands of American Airlines baggage handlers in August.
Mark Johanson
Oct 24, 2011
Mongolia's Supreme Court has ordered the government to enforce a ban on mining in river and forest areas following an appeal submitted by activists who said the country's fragile environment was threatened by reckless mining.
Mike Obel
Oct 21, 2011
Freeport-McMoRan Copper & Gold Inc. resumed pay talks on Friday with its Indonesian mine workers union in a bid to end a month-long strike as gunmen killed three people near the giant facility.
Mike Obel
Oct 21, 2011
Stocks bounced on Friday after France and Germany said a comprehensive euro zone debt deal was on its way, if a little late, although a weaker euro and rising bund futures suggested not everyone was convinced.
IBT Staff Reporter
Oct 21, 2011
Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.
IBT Staff Reporter
Oct 20, 2011
Zambia has suspended the issuance of new mining licences to root out potential corruption and clean up the process, the mines minister in Africa's top copper producer said on Thursday.
Jack Kim
Oct 20, 2011
Tethyan Copper, a joint venture of London-listed copper miner Antofagasta Plc and Canada's Barrick Gold Corp , has filed a notice of dispute with Pakistan's Baluchistan province over its Reko Diq mine.
Mike Obel
Oct 20, 2011
Miners at Freeport Indonesia will end a month-long industrial action and blockades at the world's second-biggest copper mine if the firm scraps sanctions against striking workers and considers a five-fold pay hike, the union said on Thursday.
Mike Obel
Oct 20, 2011
If Taseko Mines presses ahead with a plan to build a mine on aboriginal lands in British Columbia it could harm the Canadian province's plans to expand the mining sector, a native leader said on Wednesday.
Mike Obel
Oct 19, 2011
Falling copper prices and labor strife at some mines cut Freeport-McMoRan Copper & Gold Inc.'s third-quarter results by 11 percent.
Mike Obel
Oct 19, 2011
The United States pushed through its toughest measures yet to curtail speculation in commodity markets in a tight vote on Tuesday, likely shifting the focus of a fierce four-year debate from the regulators to the courts.
Mike Obel
Oct 18, 2011
Mining companies would be banned from investing in Eritrea's potentially booming minerals sector under a draft U.N. resolution that Security Council members are due to start negotiating on Tuesday.
IBT Staff Reporter
Oct 18, 2011
Newmont Mining Corp. halted work at its giant Yanacocha gold mine on Monday after protesters blocked an access road and torched eight pieces of earth-moving equipment, prompting the company to ask Peru's government to intervene.
Mike Obel
Oct 18, 2011
Scorpio Mining Corp. said Tuesday that third-quarter production of silver and other metals from its Nuestra Señora operation in Mexico rose 13 percent over the year-earlier level.
Mike Obel
Oct 18, 2011