mining industry

Ivor Jones as new Executive Director

ERC minerals has appointed a new Executive Director, no other than Ivor Jones.

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BHP Billiton chases oil more closely than iron ore

Shares of BHP Billiton, a mining and petroleum firm in Melbourne, started chasing oil prices very closely as they entered into the horrible downturn period in the oil industry. Analysts expect the miner to rally by nearly 50% in the coming months.

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Freeport-McMoRan to trim up to $10 billion debt

Freeport-McMoRan said that it has planned to trim up to $10 billion debt through earnings from joint venture transactions and asset sales. The mining group also reported a loss of $4.1 billion for the fourth quarter.

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Mining and industry would suffer unless structural changes are undertaken

The mining industry would suffer further degrowth without changes in policy and structure.

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Caterpillar faces bleak outlook this year

Caterpillar, Inc. faces bleak prospects this year as inventories get reduced and mining demand weakens.

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