China-backed miner MMG Ltd (HKG:1208) revealed Wednesday it lost $1.05 billion last year as metals prices traded at multiyear lows, forcing it to book a $784.3 million write down.
Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa's poorest nations looks to build an industry that can kick-start its economy, a top mining official told Reuters.
ONCE a figment of science fiction films, the sometimes risky notion of mining in space may soon become a reality if asteroid mining hopeful Planetary Resources has its way.
A feeble attempt at a rally yesterday evaporated on Friday with the copper price hitting a fresh six-and-half year low of $1.9365 a pound ($4,270 a tonne) after falling nearly 2% in New York.