Mining Industry News
A collection of Mining latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Endeavour Mining slips Thursday, underperforms market
Shares of Endeavour Mining PLC EDV shed 2.62% to £34.22 Thursday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX rising 0.54% to 10,572.24. Endeavour Mining PLC closed 39.11%…
Europe's coal mines say they slashed emissions. Experts don't believe them.
Physicist Jaroslaw Necki vividly recalls his trips to the “Sahara,” the vast open-pit mines of central Poland rich with soft lignite coal. Working in these treeless landscapes, where sand and clay stretch into the distance, he'd often…
Victorian council 'disgusted' by mining company's attitude
Horsham Rural City Council has rejected an invitation to join WIM Resource's community reference group, which it says is premature given the company does not have approval for a mining licence. HRCC also slammed the mining company for its attitude…
BHP workers to strike as mining giant hits record production
Unionised workers at BHP's operations in Port Hedland are scheduled to take strike action from 2pm. The eight-hour stoppage is set to be one of the most significant in the WA iron ore industry this century. The strike comes as the miner reports…
Modern-day alchemy: mining oil from plastic waste in rural Korea
SEOUL, July 16 (UPI) -- Call it modern-day alchemy: a technology that extracts oil from discarded plastic and plastic film, in a factory with no smokestack, not even a wisp of smoke -- and now, improbably, in commercial operation in a quiet rural…
No hiring if an AI can do the job, staff at mining giant told
One of the country's largest mining companies has told staff that it won't hire more people unless the job cannot be done by artificial intelligence, joining a wave of Australian corporations curbing their workforce because of the new technology.
Microsoft CEO Satya Nadella warns enterprises that AI labs are quietly mining customer data to build competing products
Welcome to Eye on AI. Beatrice Nolan here. In today's issue: Satya Nadella warns enterprises they're paying for AI twice. Thinking Machines Lab ships its first model. Google DeepMind loses another researcher. And, Anthropic's CEO pours $1 million…
BHP flags decline in copper output after SA mine problems
BHP's copper production will slide by up to 15 per cent in the year ahead, challenging an investment narrative that has driven its shares to record highs this year. The global miner revealed on Thursday that an unexpected mechanical failure at one…
Heroic mine rescue remembered
Just after 2am on July 14, 1906, a fire broke out deep underground at Alexandra's Molyneux Coal Mine, resulting in one of the most extraordinary nights in the town's history. One hundred and twenty years later, local historian and author Russell…
Barclays Lowers Agnico Eagle Mines (TSE:AEM) Price Target to C$266.00
Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM had its target price reduced by analysts at Barclays from C$298.00 to C$266.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Barclays 's price…
Orla Mining (TSE:OLA) Downgraded by Canadian Imperial Bank of Commerce to Tender
Orla Mining (TSE:OLA - Get Free Report) was downgraded by equities researchers at Canadian Imperial Bank of Commerce from an 'outperformer' rating to a 'tender' rating in a research note issued on Thursday, BayStreet.CA reports. They currently have…
Barclays Raises Lundin Mining (TSE:LUN) Price Target to C$43.00
Lundin Mining (TSE:LUN - Get Free Report) had its target price upped by stock analysts at Barclays from C$42.00 to C$43.00 in a report released on Thursday, BayStreet.CA reports. Barclays 's price target would indicate a potential upside of 28.32%…
Could Australia be Israel's secret gateway to global success?
Israeli companies looking to expand globally should consider Australia as a launchpad, according to Paul Israel, executive director of the Israel-Australia Chamber of Commerce. With a population of 28 million and a reputation for being an early…
Orla Mining (TSE:OLA) Hits New 1-Year Low - What's Next?
Orla Mining Ltd. (TSE:OLA - Get Free Report)'s stock price reached a new 52-week low on Thursday. The company traded as low as C$12.54 and last traded at C$12.62, with a volume of 34456 shares traded. The stock had previously closed at C$13.12. OLA…
Orla Mining (NYSEAMERICAN:ORLA) Hits New 52-Week Low - Time to Sell?
Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report)'s stock price hit a new 52-week low on Thursday. The company traded as low as $8.94 and last traded at $8.9950, with a volume of 283269 shares traded. The stock had previously closed at $9.34.
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