Veris Gold Corp. Announces Unaudited Year End Results for 2012
June 2012 prior period amounts are not comparable. Cash cost per recovered ounce is a non-GAAP measure without a standardized prescribed meaning, however the Company believes it to be a useful...
View ArticleSkills shortage blocks mining boom benefits
SA The productivity of Australia's mining industry will continue to decline unless skills shortages are urgently addressed, an industry group has told a conference in Adelaide.The Resources and...
View ArticleChina Steel Demand Rebounding as...
Growth in demand for steel in China, the world's biggest consumer, is set to rebound from a four-year low, supporting earnings for mills and the iron ore producers that supply them. Apparent...
View ArticleMainland China steel sector faci...
The mainland's bloated steel sector is facing a wave of closures in the next few years, with slowing demand and decades of "blind" expansion finally about to catch up with the industry, a senior...
View ArticleChinas refined aluminum output up 11 in Feb
China saw its refined aluminum output grow 11.0% from a year earlier to 1.73 million tonnes in February this year, according to statistics released by the National Bureau of Statistics. In the first...
View ArticleMarcellus gas drilling fees generate $5M to ease housing shortages
The state is looking to spend $5 million in fees generated from Marcellus shale drillers to ease housing shortages in areas that have been flooded by a migrating stream of industry ...
View ArticleChina steelmakers to gain iron o...
A significant rise in iron ore capacity coupled with moderate steel output growth will see a shift in pricing power for the raw material from the hands of mining companies to Chinese steelmakers in...
View ArticleCreamer Media publishes Australasian Mining Roundup for February 2013...
Creamer Media's Australasian Mining Roundup is a business and information tool for decision-makers involved in the mining industry. This monthly report provides a synopsis of mining activity in...
View ArticleUnprotected strikes to become more common in SA mining
According to two trade union spokesmen, while it does not initiate illegal strikes, much of the blame must fall on companies that are applying double ...
View ArticleFortescue expects to sell 30-40 pct in rail port by end-June
HONG KONG - Australian iron ore miner Fortescue Metals Group expects to sell a 30% to 40% stake in its port and rail unit by the end of June, having attracted strong interest in the assets, Chief ...
View ArticleResources WatchResources Watch 131
Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Coal of Africa prepares to offload its...
View ArticleSamsung CT picked as preferred bidder for Roy Hill deal -sources
SEOUL - South Korea's Samsung C&T Corp has been picked as the preferred bidder for a multi-billion dollar development deal for Australia's Roy Hill iron ore project, two sources who have knowledge...
View ArticleAs Yukon exploration cycle matures Agnico-Eagle buys 8 of Atac
Atac Resources coincides with a marked slowdown in exploration in the Yukon over the past year especially. Agnico-Eagle and Atac announced on Tuesday that the former, which produced about a million...
View ArticleCape York elders push for World Heritage protection against mining
Former Cape York Land Council chairman Michael Ross (right) and Desmond Tayley are asking the government to nominate the region for World Heritage listing. ...
View ArticleMining bureaucrats warned Macdonald ICAC
Two former staffers at the NSW Department of Primary Industries say ex-mining minister Ian Macdonald ignored their advice over the Doyles Creek ...
View ArticleGazprom Neft contracts drilling rig for geological exploration of Dolginskoye...
Gazpromneft Sakhalin, a subsidiary of Gazprom Neft and the operator of Dolginskoye oil field located on Russia’s Arctic shelf, has contracted the GSP Jupiter, a jack-up drilling rig. Under the contract...
View ArticleUPDATE 1-Iron ore forecasts take edge off mining stocks but miners bullish
Wed Mar 20, 2013 4:25am EDT * Forecasts for lower iron ore prices knock mining shares * Australian forecaster sees iron ore price around $90/tonne by 2018 * Goldman Sachs sees earlier decline * Miners...
View ArticleMetals Stocks Cyprus fears FOMC hopes support gold prices
HONG KONG (MarketWatch) -- Gold prices edged higher Wednesday as anxiety about Cyprus and hopes that the Fed will maintain a loose monetary policy attracted investors to the metal's safe-haven ...
View ArticleIndependent review ups Sino Gas reserves
PERTH (miningweekly.com) – An independent assessment of ASX-listed Sino Gas & Energy’s resources has identified a significant increase in the company’s resource and reserves. The company’s total...
View ArticleCrest buys Reeds Comet Vale project
PERTH (miningweekly.com) – ASX-listed explorer Crest Minerals has signed an agreement with fellow listed Reed Resources to acquire the Sand Queen Gold Mines, which holds the Comet Vale gold project,...
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