|
GOLD ANALYSIS |
|
PLATINUM GROUP METALS |
|
INDUSTRIAL METALS |
|
WHAT'S NEW |
|
GOLD NEWS |
|
DIAMONDS & GEMS |
|
JUNIOR MINING |
|
MINING FINANCE |
HOME >
HOMEPAGE
> FAST NEWS
FAST NEWS
Canadian Zinc raises capex estimate for Prairie Creek project
Wednesday , 16 May 2012The company currently expects to spend C$150 million to C$160 million on bringing its Prairie Creek mine to production, up from its previous estimate of $120 million.
Tanzania's gold production up 13% in 2011
Wednesday , 16 May 2012Gold output rose to 40.4 tonnes in 2011 from 35.6 tonnes a year ago after mining companies invested in higher output in a bid to cash in on the rising gold price, its central bank said Tuesday.
Pan American Silver profit falls 46% on takeover charge
Wednesday , 16 May 2012The company's quarterly profit fell 46% as charges related to its takeover of Minefinders Corporation outweighed higher realized silver prices and sales volumes.
Indonesia stretches export duty to 21 metals
Wednesday , 16 May 2012In total, 65 mineral types excluding coal will be affected by the new export duties, effective immediately, finance minister Agus Martowardojo said Wednesday.
Vale not retaliating against mega ship ban
Wednesday , 16 May 2012Industry officials say the Brazilian iron ore miner has not stopped hiring vessels from some Chinese firms in retaliation for Beijing's ban on its huge Valemaxes.
African Barrick Gold ups Tanzania royalty pay by 1%
Wednesday , 16 May 2012The FTSE 250 gold miner will pay an additional 1% in royalty to the Tanzanian government, citing the current gold price environment.
Doe Run Peru submits final plan to avoid liquidation
Wednesday , 16 May 2012After rejecting the company's initial restructuring plan last month, creditors voted to start an operational liquidation that left room for it to avoid losing its La Oroya smelter, once one of Peru's largest.
General Electric buys two mining equipment firms
Wednesday , 16 May 2012The company is hoping to step up its presence in the $61 billion mining equipment industry with the acquisition of Australia's Industrea Ltd as well as privately owned U.S. firm Fairchild International.
NYSE Euronext bid for LME deemed too low
Wednesday , 16 May 2012A spokesman for the exchange said Tuesday its US$1.28 billion bid, submitted last week as part of the second round of the takeover process, was deemed too low.
ThyssenKrupp considers selling Brazil, Alabama steel mills
Tuesday , 15 May 2012The management board had decided to examine all strategic options including a partnership or a sale for the two mills, in which it has invested a total of 12 billion euros.
International Tower Hill CEO resigns
Tuesday , 15 May 2012The gold miner says it has started looking for a new CEO to replace James Komadina who has resigned for personal reasons.
European gold reserves unchanged at 433 billion euros
Tuesday , 15 May 2012The latest data from the European Central Bank showed Tuesday that gold reserves held by European central banks remained unchanged at 432.705 billion euros in the week ending May 11.
Barrick Gold sees slightly lower output in Peru
Tuesday , 15 May 2012The miner expects output at its Lagunas Norte mine to be similar to last year and its Pierina mine to produce slightly lower ounces than it did in 2011.
Volcan sees 2012 silver output up 7%
Tuesday , 15 May 2012General Manager Juan Jose Herrera told the International Gold Symposium on Monday the company's silver output will likely rise 7% this year.
Hochschild Mining to invest $425m in Peru silver projects
Tuesday , 15 May 2012The two-year investment is earmarked for the Inmaculada and Crespo projects, near its Arcata and Pallancata mines in southern Peru.
Copper miner KGHM's net profit drops on forex losses
Tuesday , 15 May 2012Polish copper miner KGHM posted a 29% drop in its Q1 net profit Tuesday, in line with market estimates, as the appreciating zloty resulted in foreign exchange losses on its dollar positions.
Molycorp to raise $650m in debt offer
Monday , 14 May 2012The proceeds of the debt offer will be used to help fund its $1.3 billion acquisition of Neo Material Technologies.
Paladin Energy hit by worker strike at Malawi mine
Monday , 14 May 2012Most of the local workers at the company's Kayelekera uranium mine went on strike Friday demanding higher wages and the plant is expected to operate at about 65% capacity until they return.
PREMIUM COMPANY LISTINGS
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
FAST NEWS
Moneyweb Holdings Limited, 1997 - 2012. Affiliates: Moneyweb
About Mineweb | Contact | Advertise | Terms and Conditions of use | Site map
About Mineweb | Contact | Advertise | Terms and Conditions of use | Site map