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Salt mining still idle at NY site where workers were rescued

LANSING, NY (AP) — Mining operations remain suspended at a central New York salt mine nearly a month after 17 workers were rescued from an elevator became .

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’s cost-cutting plans a mark of struggling global economy

The world’s biggest maker of construction and mining equipment will slash $1-5-billion in operating expenses and cut thousands of jobs

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Gold mines are bleeding cash, but wave of closures unlikely

Prices are sinking, mines are bleeding cash, and management teams are frantically trying to decide what to do next as the gold mining industry continues to struggle

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Mining profits gloom as prices of raw materials tumble to six-year low amid fears Chinese slowdown will hit global growth

China is a big consumer of metals but its once booming construction and manufacturing sectors appear to have run out of steam – hitting commodity pric

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FTSE 100 rebounds as mining shares rise

The FTSE 100 recovers some of the ground lost in Tuesday's sell-off as mining companies benefit from rising metal pric

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Moody’s eyes sweeping downgrade of Canadian oil, mining companies

Rating agency also cuts forecasts for crude prices

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Sherritt writes down Ambotovy nickel mining operation by C$16 billion

TORONTO - A drop in nickel prices has cut $16 billion from the value of Sherritt International's stake in the Ambatovy mining operation in Madagascar

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The dark side of metal streaming deals: Strapped mining companies trade future value for cash

Miners have raised US$42 billion from 11 stream sales in 2015, alarming some observers who worry that miners are giving away vast amounts of future upside once metal prices improve

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Praying for snow: the salt mine keeping Britain’s roads safe

Winsford Rock Salt Mine under the Cheshire plains needs a cold snap to produce enough salt to keep councils fully stocked“Down here we want it to snow,” noted salt miner Graham Gibbons as he operated the 96 tungsten-tipped cutting picks of a.

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Tumbler Ridge watches coal prices as Chinese mining giant ponders decision on $688-M mine startup

Residents of the northeastern BC community of Tumbler Ridge are keeping a close eye on the price of metallurgical coal these days That’s because in the upcoming months, Chinese mining giant HD Mining International Ltd is expected to make a.

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Mining giant cuts back after poor oil bet

Doubly hit by the crash in ore and oil prices, US mining giant McMoRan said Tuesday it would sell off more of its oil and gas assets to reduce debt.

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Bad energy loans hit oilpatch equipment prices as banks try to sell assets of insolvent companies

Prices are falling at auctions for buying and selling used equipment as companies liquidate an increasing number of items amid the oil rout

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Saskatchewan economy continues to feel effects of weak mining sector

Extremely weak commodity prices continue to ravage Saskatchewan's mining companies, leading to drastically reduced revenues, production shutdowns and layoffs — as well as broader effects throughout the province's economy

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cuts 5,000 jobs to reduce costs in face of industry downturns

The construction and mining equipment maker said total cuts could exceed 10,000 through 2018 as mining and energy markets pose challenges conditions is cutting as many as 5,000 jobs as the construction and mining equipment maker push

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Sherritt writes down Ambotovy nickel mining operation by C$16 billion

TORONTO - A drop in nickel prices has cut $16 billion from the value of Sherritt International's stake in the Ambatovy mining operation in Madagascar

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Photographer Emily Garthwaite captures the 'real' Romania as she joins locals taking mud baths on Turda's salt flats

The sludge is a by-product of salt-mining techniques once employed in the town, which is said to have rejuvenating qualities

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FTSE 100 sinks 2% as mining shares fall

The FTSE 100 falls again, with mining shares dragging the index lower as the prices of commodities and oil continued to tumble

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Market Report: Investors chuck mining shares back on the bonfire

Investors got into the spirit of Guy Fawkes night by chucking mining shares back on the bonfire as an impending rise in US interest rates burned commodity pric

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-McMoRan chair and co-founder James Moffett with mining industry under siege

NEW YORK, NY - James R Moffett, the executive chairman and co-founder of the mining company -McMoRan, is stepping down as plunging commodity prices lead to mass layoffs across the entire industry

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Salt mining still idle at NY site where workers were rescued

LANSING, NY (AP) — Mining operations remain suspended at a central New York salt mine nearly a month after 17 workers were rescued from an elevator became .

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TSX bounces back after spike in oil prices

The loonie was also up 019 of a cent to 7651 cents US

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