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Base Metals
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.
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.
Iron and Steel
Shareholders ask questions of AMSA CEO's pay hike
Wednesday , 16 May 2012Shareholders raised concerns at ArcelorMittal South Africa's AGM Wednesday particularly as to the remuneration paid to CEO, Nonkululeko Nyembezi-Heita
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.
Industrial Metals / Minerals
Proposed Molycorp/Neo Materials acquisition gets lukewarm S&P reception
Tuesday , 15 May 2012S&P anticipates demand and pricing for rare earth elements will remain high enough to allow Molycorp to complete its Mountain Pass mine build out and complete the Neo Materials acquisition.
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.
Cameco to buy German/U.S. nuclear fuel broker Nukem Energy
Tuesday , 15 May 2012The proposed acquisition of Nukem Energy Group is expected to have a positive impact on Cameco's cash flow earnings starting in 2013.
India sets its sights on Mongolian coal
Monday , 14 May 2012Ever in need of coal, India has set its sights on the acquisition of a coking coal mine in Mongolia and will, in return, establish the country's first steel plant.
Uranium
Cameco to buy German/U.S. nuclear fuel broker Nukem Energy
Tuesday , 15 May 2012The proposed acquisition of Nukem Energy Group is expected to have a positive impact on Cameco's cash flow earnings starting in 2013.
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.
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.
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