Moroccos Manajim eyes annual gold output of 12 t in Sudan – Suna
KHARTOUM - Moroccan mining firm Manajim expects annual gold production of 12 t at a mine in Sudan it launched on Thursday, Sudanese state news agency Suna said. Sudan has licensed more than 85 ...
View ArticleChina’s interest in Africa picking up as its economy recovers
The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to ...
View ArticleSantos sales revenue reaches record $3.22bn net profit down 31
PERTH (miningweekly.com) - Australian oil and gas major Santos has reported a 31% decline in net profit for the 2012 financial year, with the miner writing down some $77-million in impairment ...
View ArticleWorker dies at Gold One’s Cooke operation
PERTH (miningweekly.com) - ASX- and JSE-listed gold miner Gold One has reported a fatality at its Cooke 4 operation, in South Africa. One other employee was also injured in the blasting incident. ...
View ArticleLow nickel prices drive Western Areas H1 profit down
PERTH (miningweekly.com) - Nickel miner Western Areas has seen its net profit for the first half of the 2013 financial year decline significantly on the back of depressed nickel prices. The miner ...
View ArticleFortescue appoints new board members
said on Friday that Gaines was an "outstanding" addition to the Fortescue board. "Fortescue will soon be a very large company. Already its annual royalties and taxes, balance sheet ...
View ArticleResolute profits soar as production increases
PERTH (miningweekly.com) - Gold miner Resolute Mining has reported an 86% increase in net profits after tax for the interim period ending December, as revenue for the period also increased by 14%. ...
View ArticlePacific operations bring St Barbara profits down
PERTH (miningweekly.com) - ASX-listed St Barbara saw its net profits after tax decline by some 84% during the six months to December as it worked to integrate the Allied Gold Mining assets into its ...
View ArticleForeign investors on alert as Mongolia announces coalmine launch
ULAN BATOR - Mongolia will begin producing coal from a block of its giant Tavan Tolgoi mine this year, a senior official at the state-run company in charge of the deposit said on Friday, a step that ...
View ArticleToro adds A$12m to balance sheet
PERTH (miningweekly.com) - Uranium developer Toro Energy has secured A$12-million in funding, allowing the company to maintain a strong funding position while it negotiates with potential project ...
View ArticleChina crude steel output seen rising 4.6 pct in 2013 -MIIT
China's crude steel production is expected to rise 4.6 percent in 2013 to a record 750 million tonnes, the Ministry of Industry and Information Technology (MIIT) said on Friday, an acceleration ...
View ArticleGold Demand Set to Outstrip Supply by 2015
Chinese consumers' seemingly insatiable thirst for gold is set to provide a strong impetus for local mines. The country's demand for the precious metal is expected to outstrip supply by at ...
View ArticleMaersk Oil inks $211m deal for Qatar drilling
Maersk Oil Qatar and Gulf Drilling International (GDI) have signed a four year QR770m ($211m) agreement under which the Maersk unit will contract the Al Jassra, GDI's new-build jack-up drilling ...
View ArticleMining stocks lead European equity recovery
Fri Feb 22, 2013 3:56am EST * FTSEurofirst up 0.7 pct, Euro STOXX 50 up 0.9 pct * Equities recover after sharp fall on Thursday * Fears over Italy, central bank help seen short-lived * Mining stocks ...
View ArticleNewmont Mining returns to profit
Net income was $673 million compared with a loss of $1.03 billion a year earlier, Greenwood Village, Colorado-based Newmont said yesterday in a ...
View ArticleNortham sees 20.6 increase in interim profit
JOHANNESBURG (miningweekly.com) – An overall improvement in performance at JSE-listed Northam Platinum’s operations during the six months ended December 2012, resulted in a 20.6% ...
View ArticleAlumina reports loss for 2012
PERTH (miningweekly.com) - Aluminium major Alumina has reported a net loss after tax of $62.1-million for the full 2012, compared with a net profit of $126.6-million last year, as aluminium prices ...
View ArticleOdds high of cyclone hitting Australia iron oil region- weather bureau
SYDNEY - The risk is "high" that a tropical low off Australia's northwest coast will by strengthen into a cyclone by Sunday as it moves closer to the Pilbara iron ore mining belt, the ...
View ArticleNewmont increases attributable gold reserves by 400000 ozs to 99.2m ozs
"We were pleased to return the highest dividends of the gold industry on a per share basis on 2012," said Gary Goldberg, Newmont's President and ...
View ArticleIndustrial Metals Nickel slumps on persistent supply glut
Precious metals were mixed on Thursday as US jobless claims increased more-than-expected last week, dampening talks that the Fed may halt its bond purchases sooner than planned. However, uncertainty ...
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