Potash Corp sees spot potash prices rebounding

Spot market prices for the crop nutrient potash are rebounding after some of the world's biggest fertiliser consuming countries signed contracts at deep discounts, according to Potash Corporation of Saskatchewan . "Basically, what we've done is...

BHP says 2014 capex to fall to $18bn, set to drop further

BHP Billiton said on Tuesday that its capital and exploration expenditure next year would fall to around $18-billion, down about a fifth from $22-billion estimated in the 2013 financial year, with further drops expected. The world's biggest miner...

Mosaic builds $2bn cash pile for share buyback

US fertiliser producer Mosaic plans to have accumulated a $2-billion cash pile by the end of May to buy back shares locked up since its split from agribusiness giant Cargill. Mosaic, the No 2 fertiliser producer in North America, also deferred...

Miners seen offering dividend promise as spending drops

Mining companies, under pressure to rein in spending and sell non-core assets, could hand back more cash than expected to shareholders, even in the event of weaker commodity prices. The mining sector has traditionally taken a conservative...

Capstone’s Q1 profit falls as lower copper prices hurt earnings

Canadian base-metals miner Capstone Mining on Wednesday reported first quarter earnings were negatively impacted by lower copper prices in the period. Net earnings for the period ended March 31 declined by 56% to $6.9-million or $0.02 a share,...

BHP prices another bond

Mining giant BHP Billiton has priced a C$750-million Canadian bond under its Euro medium term note programme. The miner said on Wednesday that the proceeds of the bond, which was due in 2023, would be used for debt refinancing, including the...

Creamer Media publishes Iron-Ore 2013: A review of the iron-ore sector research report

The iron-ore mining industry, like other economic sectors, was pummelled by the 2008 worldwide economic downturn. However, thanks to stimulus packages introduced in 2009 resulted in the industry’s recovery in 2010 and 2011, with prices hitting...

Rio Tinto to press on with iron ore expansion plans

Rio Tinto, the world's No.2 iron ore miner, is set to press on with plans to boost production at its Australian mines by a quarter by 2015, shrugging off pressure to slow spending and conserve cash as the commodity boom cools. In spite of...

BHP stops Eagle Ford shale operations due to fatality

BHP Billiton has halted work at its most productive shale operation, Eagle Ford in the United States, as it investigates the death of a contractor at the site, it said on Tuesday. A contractor was fatally injured on May 6 while working at the...

SA coal exports fall in April

South Africa's Richards Bay Coal Terminal (RBCT) exported 6.24-million tonnes of coal in April, down from 7.49-million tonnes the previous month, RBCT data showed on Monday. South Africa – a major exporter of coal to power stations in Europe and...

BHP calls force majeure on Philippines exploration

Diversified giant BHP Billiton has declared a force majeure on its Palawan permit, known as SC55, off the shore of the Philippines. BHP, which holds a 60% stake in the permit, told joint venture partner Otto Energy that the declaration came amid...

Company Announcement: Board and Management Changes

Blackthorn Resources Limited wishes to advise the following planned Board and Management changes.