US penny may retire next
Obama said last week during a Google group video chat its time to retire the penny in America as the country is spending money on something it doesn't really ...
View ArticleBeware the coming iron ore supply flood
possible $170 a tonne by mid year , but longer term the price may be heading south again as demand struggle to keep pace with massive new supply coming on stream over the next few ...
View ArticleStratum Metals appoints John Shepherd to Menzies Goldfield Limited Board
(MENAFN - ProactiveInvestors - Australia) Stratum Metals (ASX: SXT) has appointed John Shepherd to the Board of Menzies Goldfield Limited, the company's 60% owned subsidiary in partnership with ...
View ArticleApollo Minerals on capital raising drive
(MENAFN - ProactiveInvestors - Australia) Apollo Minerals (ASX: AON) will soon reveal details of a capital raising with the company's shares placed in pre-open today.Earlier today the company ...
View ArticleLower iron-ore prices drive Fortescue interim profit down 40
PERTH (miningweekly.com) - Iron-ore major Fortescue Metals has seen a 40% decline in its net profit for the six months to December, as global iron-ore prices decreased. Net profit for the period ...
View Article‘Triangle of death’ looms over DRC’s mining heartlands
While international attention has focused on a rebellion along the DRC's restive eastern border, the violence in the Katanga mining region has simmered largely ...
View ArticleBHP interim profit slumps 58
PERTH (miningweekly.com) - The world’s largest diversified miner BHP Billiton on Wednesday reported that its profit for the interim period to December was down some 57.8% compared with the ...
View ArticleHecla Mining’s Lucky Friday mine resumes operation
After a year-long closure ordered by MSHA in the wake of serious accidents that killed two and injured seven, Hecla reopened its Lucky Friday mine in Idaho's Silver ...
View ArticleAngloGold hits high spot with $924m 2012 profit
JOHANNESBURG (miningweekly.com) – South Africa’s largest gold-mining company AngloGold Ashanti announced full-year adjusted headline earnings of $924-million on Wednesday, the ...
View ArticlePrice discovery transparency in precious metals
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View ArticlePluto pushes Woodside profits
PERTH (miningweekly.com) - Australian oil and gas major Woodside has nearly doubled its net profit for 2012, driven by increased production and sales revenue. Woodside told shareholders on ...
View ArticleAditya Birla completes Mt Gordon scoping
PERTH (miningweekly.com) - A scoping study into ASX-listed Aditya Birla Mineral’s Mt Gordon copper project, in Queensland, has revealed that the mine could deliver some four-million tons a year ...
View ArticleAtlas warns of impairment charges
PERTH (miningweekly.com) - Iron-ore miner Atlas Iron has warned shareholders that it would book a non-cash impairment of A$258-million for the six months to December, attributed to deferred mineral ...
View ArticleKanmantoo life extended - Hillgrove
PERTH (miningweekly.com) - Copper miner Hillgrove Resources has extended the life-of-mine expectancy of its Kanmantoo copper project, in South Australia, to 2023 and its ore processing target from ...
View ArticleEmu buys diamond operation in SA
PERTH (miningweekly.com) - Junior Emu Nickel has formed a joint venture (JV) vehicle with South Africa’s El Nino Mining Proprietary to acquire a diamond operation in the Kimberley region of ...
View ArticleAmplats says labour strife makes it hard to raise money
CAPE TOWN - Persistent labour unrest in South Africa is making it difficult for Anglo American Platinum to ask investors for additional investment, its CE told a parliamentary committee looking at ...
View ArticleIndustrial Metals Aluminum moves lower on elevated LME inventories
Precious metals apart from palladium retreated on Tuesday as investors cashed out from the market ahead of FOMC meeting minutes due on Wednesday. At the same time, broadly weaker US Dollar and ...
View ArticleZambia revokes Chinese mine licences on poor safety
LUSAKA | Wed Feb 20, 2013 6:22am EST LUSAKA Feb 20 (Reuters) - Zambia has revoked licences for a Chinese-owned coal mine over poor safety and environmental compliance, as well as a failure ...
View ArticleProduction resumes at Buffelsfontein mine
JOHANNESBURG (miningweekly.com) – Production has resumed at JSE-listed miner Village Main Reef’s Buffelsfontein gold mine. The company announced on Wednesday that it expected ...
View ArticleMetso and Magotteaux sign deal
US , Canada and Mexico, where the agreement is of non-exclusive type. "With this agreement, we are able to combine Metso's proven knowledge of impact crushers with the special experience of ...
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