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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.
Is the resource boom over? A resounding No!
Wednesday , 16 May 2012Speaking at the New York Hard Assets Investment Conference this week, respected analyst Adrian Day gave the reasons for his belief that the recent resource boom is still far from over.
Trevali smoothes out production horizon with mine, mill acquisition
Tuesday , 15 May 2012Trevali Mining solves a milling dilemma with the acquisition of its own mill in New Brunswick.
Up to 8 bidders eyeing Ivanhoe Australia gold/copper mine stakes
Tuesday , 15 May 2012Two sources with knowledge of the matter say second-round bids are due later this month, with preliminary interest seen from Anglo American, OZ Minerals, Vedanta Group and Aditya Birla Group.
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.
Baja CEO quits as funding crunch intensifies
Monday , 14 May 2012Longtime President and CEO of Baja, John Greenslade, quits as the clock ticks for Baja to source more funding to finish its Boleo copper project in Mexico.
Aurubis Q2 profit beats analyst estimates
Monday , 14 May 2012Analysts polled by Reuters expected Aurubis, on average, to post a 52.8% drop in its second quarter net profit, but the company achieved net earnings of $143.7 million
RUSAL Q1 net profit plunges 84% as aluminium prices slip
Monday , 14 May 2012The world's largest aluminium miner posted an 84% drop in its Q1 net profit as prices fell, potentially fuelling a shareholder row over its refusal to sell its stake in Norilsk Nickel.
Copper steady after China moves to boost economy
Monday , 14 May 2012Prices bounced back early Monday after China cut its bank reserve requirement ratio for a third time in six months to boost a slowing economy.
The case for Capstone's strong first quarter
Friday , 11 May 2012It is as much in what didn't happen than what did that underpins why Capstone Mining called Q1 2012 a "strong" one.
Kazakhmys top shareholder makes way for independent chairman
Friday , 11 May 2012Top shareholder Vladimir Kim will make way for an independent chairman to lead the London-listed Kazakh copper miner within the next 12 months.
Vale declares force majeure at New Caledonia nickel project
Friday , 11 May 2012The company said Thursday it will suspend sales and purchase agreements at its Goro nickel project after an accident at the mine's sulfuric acid plant.
Chinalco Mining seeks nod for up to $1bn IPO
Wednesday , 09 May 2012The IFR reports Chinalco plans to seek approval from the Hong Kong stock exchange on May 17 for an IPO that could raise up to $1 billion.
India's Hindalco posts lower-than-expected profit fall; shares gain
Tuesday , 08 May 2012Despite reporting a 9.6% drop in its quarterly profits, shares in Hindalco Industries rose nearly 2%, as better volumes and higher other income helped limit the impact of volatile input costs.
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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