Mining News

News that Chevron Corp.'s refining margins fell in the second quarter is adding to the market's worries.

Gov. Brian Schweitzer said Friday he wants the Obama administration to force General Motors Corp.

07/09/09 Aluminum giant Alcoa Incorporated (AA) announced late Wednesday that it posted a 2Q profit loss that still managed to beat Wall Street estimates.

Oil prices dropped below $60 a barrel Friday in Asia as investors braced for a slew of company earnings reports next week that will provide clues on the strength of crude demand.Benchmark crude for August delivery was down 68 cents at $59.73 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

Thu Jul 9, 2009 4:45pm EDT - Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York May 8, 2009.

The Toronto stock market moved higher late Thursday morning, snapping a fierce three-session losing streak as commodity stocks mended.

NEW YORK - Investors moved money back into commodities Thursday, sending prices for gold, copper and soybeans higher as they stepped up their willingness to take on risk.

South Africa has put together a list of proposed black candidates for a new chairperson of Anglo American, including business magnate and former union leader Cyril Ramaphosa, a government source said on Thursday.

World stock markets posted modest gains Thursday after aluminum company Alcoa Inc.

Kinross Gold Corporation Unionized employees at Compania Minera Mantos de Oro in Chile, a subsidiary of Kinross, have initiated strike action at the La Coipa mine following unsuccessful collective agreement negotiations.

Rio Tinto Group iron ore executive Stern Hu was detained in China on suspicion of espionage and stealing state secrets, Australian Foreign Affairs Minister Stephen Smith said.

Wed Jul 8, 2009 6:04pm EDT - From Google Images . NEW YORK - The Dow and the Nasdaq eked out gains on Wednesday as a late-stage rally brought stocks off their lows on hopes that the quarterly earnings season would deliver good news.

Investors pulled away from stocks again as conflicting signs emerged about the direction the economy is taking.Stocks mostly fell Monday, led by energy and materials companies, as prices for oil and other commodities skidded.

Vanvcouver - Last updated on Wednesday, Jul. 08, 2009 11:10AM EDT F ormer prime minister Jean Chrtien has been named as senior international adviser to Ivanhoe Mines IVN-T and its affiliated companies, the Vancouver-based international mineral developer said Wednesday.

A southwestern Illinois steel mill is back in business after months of being idled, and that's good news for hundreds of workers.

PIKETON - A decision by the U.S. Department of Energy on whether the United States Enrichment Corp.

Four employees of Anglo-Australian mining company Rio Tinto Ltd., including an Australian man, have been detained in Shanghai for undisclosed reasons, the company and government officials said Wednesday.

Federal regulators have fined Newmont Mining Corp. more than $500,000 for safety violations they say contributed to the death of a worker at an underground gold mine in Nevada.

By SARA LEPRO Associated Press NEW YORK - Investors are sending stocks lower as they wait for signals about where the economy is headed.

Two men who have been friends since childhood are hoping a 5-year-old investment in Three Springs property will create up to 600 jobs and a new business center in a community hard hit by a shrinking steel industry.