Big names in the media business like Investopedia are pushing investors forward to trust in some mining stocks that are performing surprisingly well these days.

While this could be a product of the gold bullish market, mining companies seem like they have their own reasons to have a great time financially.

The mining sector had difficult times during the past few years. During 2015, Australian companies in this industry had massive losses and many other labour problems, even gold mining is currently struggling despite Australian gold bullion prices gaining ground upon a strong US dollar.

Also, for a few years, even the big names operated almost losing money. They had to shut down exploration projects and the construction of new facilities simply because they didn’t have enough resources to invest in growth.

Capital Drilling Speaks About Profits

Fortunately, this is changing. Today, The Telegraph published an article where Capital Drilling, a London-listed provider company, claims that the mining sector is starting to see good margins in profits; a novelty in years.

This recovery may come from a more stable global economy, at least in comparison with the years closer to 2008, and the bullish gold market. According to Mr. Mark Parsons, who is the chief executive of Capital Drilling, the main cause to pay attention is the favorable price trend among several metals in the market.

“The increasing interest from the mining industry, particularly over the last few months, to invest in assets combined with the firming of selected metal pricing, has injected some momentum in tendering for new contracts as well as higher demand from existing clients for the group’s drilling services”, he said to Jon Yeomans, who signed the article.

Capital Drilling itself is having a good time. Internal finances, according to Mr. Parsons, allowed the board to pay higher dividends to shareholders. The sector seems to be growing quickly, taking the most from metals’ rising prices.

The Philippines’ Problem

While mining’s worldwide panorama seems to be better every day, local industries are receiving hard hits. The Department of Environment and Natural Resources of Philippines, also known as DENR, is taking many decisions that are inflicting damage to many mining companies’ plans in the region.

The Philippine Stock Exchange index lost 37.19 points, ending at 7,946.19 by the close of the trading day. This represents 0.46 percent down. Also, the All Share index also went down by 16.49 points, just to end at 4,697.11.

Now, the Mining and Oil index lost a total of 174.81 points, a 1.69 percent. More losses are expected during this week and the following.
More Problems for Australia

Just like the Philippine case, Australia is suffering its own isolated losses. The ASX 200 index is going down and even the great performance of its mining stocks are not helping in anything.

BHP Billiton, Evolution Mining, and Whitehaven enjoyed notable gains while the broad index is still losing.

Regarding BHP and its fatal incident in Brazil, the mining company had to report its first ever annual loss, estimated around US$8.29 billion. They also presented a strategy to satisfy shareholders’ expectation during upcoming quarters.

Bolivia’s Strikes

Going back to South America, Bolivian president Evo Morales will face the mining companies that are on strike. The leaders of the National Federation of Mining Cooperatives, locally known as Fencomin, want to discuss several petitions the organization made to the central government.

Seems like things went out of control when last week 10 miners were arrested after an alleged violence episode against police forces during a protest. Fencomin wants the release of the 10 miners before sitting down and discuss the petitions.

According to President Morales, the local mining sector is requesting demands that are not possible, because they allegedly are non-constitutional.