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Rio Tinto approves $19bn bauxite mine

Investment is the global miner’s largest for more than 2 years

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plans thousands of job cuts

Equipment maker says it could cut its workforce by more than 10,000 by 2018 as sales fall in its key mining and energy sectors

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cuts 2016 profit goal for third time

Demand for construction and mining equipment shows little sign of recovery

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says Brazil business ‘tanked’

Mining and construction equipment group cuts full-year sales and profit forecasts

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Chinese Interests Look to Malaysia for Cheap Iron Ore, and Profits

CAA Resources, controlled by China, reopened “Iron Hill,” a dormant iron mine in Bukit Besi, Malaysia, and is ramping up production despite the ore’s falling price

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CEO to retire next year

NEW YORK, NY - said Monday that CEO Doug Oberhelman will retire from the company next year and will be replaced by Jim Umpleby, an executive who has worked at the construction and mining equipment company for more than three decad

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Malaysia seeks to suspend bauxite mining after environmental scare -cabinet source

KUALA LUMPUR, Jan 2 (Reuters) - Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on S.

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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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North Koreans are needed to do the dangerous jobs, says Malaysia

Minister says no locals would dare work underground after death of North Korean in mining accident raises questions about the use of foreign labourMalaysia has defended the use of North Korean labourers in its mining industry, saying they are.

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Chinese stockpiles mean bauxite may not be a sure bet: Russell

--Clyde Russell is a Reuters columnist The views expressed are his own-- By Clyde Russell LAUNCESTON, Australia, Oct 29 (Reuters) - Bauxite is one of the f.

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How a crash in metals prices has made 2016 a great year to build a mine

Skilled labour is more available, equipment is cheaper and delivered faster, and prices for other inputs like steel and pumps have plummeted

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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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Kanata firm helps design space 'Swiss Army knife'

Kanata company Neptec Design Group will be working with a North Ontario mining technology firm to create equipment that could be used for deep-space prospecting missions to the moon, Mars or even an astero

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fires chief executive

Swedish business jet scandal claims another victim as mining equipment chief Olof Faxander is axed

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Malaysia seeks to suspend bauxite mining after environmental scare -cabinet source

KUALA LUMPUR, Jan 2 (Reuters) - Malaysia is pushing to suspend bauxite mining due to concerns about its impact on the environment, a cabinet source said on S.

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Photos: Corroding equipment at production facilities owned by a Petronas subsidiary

These images were taken from an audit report of production facilities off Malaysia owned by a subsidiary of Petronas, the lead player in BC's LNG plans

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Officials to decide whether to extend search for Flight 370

KUALA LUMPUR, Malaysia (AP) — Officials from Malaysia, Australia and China will decide Friday whether to extend an underwater search for Flight 370 amid renewed appeals by families of those aboard the Malaysia Airlines jet to not give up the.

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Malaysia will ban the mining of bauxite in Pahang state for 3 months from Jan 15 to regulate the industry after a mining boom l

KUALA LUMPUR, Malaysia - Malaysia's government said Wednesday it will ban the mining of bauxite in central Pahang state for three months from Jan 15 to regulate the industry after its unfettered growth last year caused sea and air pollution

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Photos: Corroding equipment at production facilities owned by a Petronas subsidiary

These images were taken from an audit report of production facilities off Malaysia owned by a subsidiary of Petronas, the lead player in BC's LNG plans

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adjusted profit meets Street's view, sales fall

PEORIA, Ill - 's first-quarter adjusted profit met Wall Street's view, even as sales declined across various categories while it continues to deal with soft product demand The mining and construction equipment company lowered its.

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Diamonds Are Abundant

What’s more scarce than perfect diamonds, right?WrongThis week, a new company called Diamond Foundry announced that it is able to “grow” hundreds of perfect, “real” diamonds (up to nine carats) in just two weeks in a labAnnounced “above.

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