Mining News Archives

Nuinsco Resources Limited today announced financial results for the fiscal year ended December 31, 2007.

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MAG Silver Corp. announces the Company's audited financial results for the year ended December 31, 2007.

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Barrick Gold Corporation announced that its 2007 Annual Report is now available on SEDAR and on EDGAR.

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Wheeling-Pittsburgh Steel Corp. will shut down its mill in Allenport, Pa., and idle some operations in Martins Ferry, Ohio - moves the United Steelworkers said late Monday will affect about 360 employees.

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Canadian Zinc Corporation announces its financial results for the year ended December 31, 2007.

.....the Prairie Creek Property hosts total Measured and Indicated Resources of 5,840,329 tonnes grading 10.71% zinc, 9.90% lead, 161.12 grams silver per tonne and 0.326% copper.

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Anglo American has signed an agreement to acquire a 63.5% shareholding in a new company IronX, which will own MMX's current 51% interest in the Minas-Rio iron ore project and 70% interest in the Amapa iron ore ...

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Constellation Copper Corporation announced today that approximately Cdn$1.9 million of interest due on March 31, 2008 on its Cdn.$69 million convertible unsecured ...

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Quanex Corporation , an industry-leading manufacturer of value-added engineered materials and components for the vehicular products and building products markets, announced today that its Board of Directors has ...

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The annual iron ore contract price increases kick in today - but BHP Billiton and Rio Tinto are still battling with Chinese customers over prices will rise for 2008.

"The retort from the Chinese of blocking BHP and Rio iron ore shipments seems to be a face-saving exercise," he said.

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Shares of Ivanhoe Mining Ltd. fell Monday as investors mulled uncertainty over how Mongolia may oversee a highly promising copper and gold discovery.

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Chile, which provides about a third of the world's copper, produced 423,201 tonnes of the metal in February, up 8.0 percent from the same month last year, the government's National Statistics Institute said on ...

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China's largest nickel producer, Jinchuan Group Ltd, has taken an 11 per cent equity stake in Perth-headquartered nickel explorer and producer, Fox Resources Ltd.

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Consol COO seeks 'safety at absolute zero. Has Bart Hyita been sniffing too much coal dust? We don't think so.

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Alleged human rights abuses by Anglo Platinum , the worlds leading producer of platinum, could spark investigations through-out South Africa's mining industry.

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Iron ore junior Cazaly Resources taking its Pilbara iron ore claim to the High Court.

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Rio Tinto Group , fending off a takeover bid from BHP Billiton Ltd., may save $913 million over the life of loans it secured eight months ago because of the rapid drop in U.S. interest rates.

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BHP Billiton Ltd. , the world's largest mining company, said labor union workers at its Cerro Matoso nickel mine in Colombia voted to end a monthlong strike that disrupted deliveries.

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Anglo American PLC said Monday it has signed an agreement to buy control of two Brazilian mining projects for about $5.5 billion, completing negotiations first announced in January.

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A protest is planned in Raleigh, N.C. on Monday against the relicensing of Alcoa Inc.

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Goldcorp Inc. announced today that its El Sauzal mine in Mexico has become the first gold mining operation in Mexico to be fully certified under the International Cyanide Management Code for the Manufacture, ...

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Eaglecrest Explorations Ltd. today announced it has completed its seventh gold concentrate shipment.

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Gold Field's chief executive officer, Ian Cockerill, is to step down from his position, the company's board said on Monday.

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High River Gold Mines Ltd. today reported its financial results and operational highlights for the year ended December 31, 2007.

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Three small Canadian gold mining companies are planning to merge to create an intermediate-sized producer with a stock market value of about $1.6-billion . Metallica Resources Inc.

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Caledonia Mining Corporation is pleased to announce its fourth quarter and 2007 annual operating and financial results.

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Sinosteel's $1.2 billion bid for the West Australian iron ore miner Midwest is part of a larger strategy to expand its global iron ore supply chain, according to its president.

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The nation's largest retailer, Wal-Mart - a company that imports heavily from countries with lax safety standards - is asking the federal government to strengthen its oversight of consumer products.

One reason critics give for the rash of recent breakdowns in the government’s safety enforcement is that the Bush administration is philosophically averse to strict industry regulation and enforcement.

.........One example is the administration’s most recent pick to run the Labor Department’s Mine Safety and Health Administration: Richard Stickler, a former coal company executive. His nomination was opposed by many members of Congress, who criticized Stickler’s ties to the industry and the poor safety record at the mines he managed. Many of those mines had accident rates above the national average.

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Unionized workers at Colombia's Cerro Matoso ferronickel mine will vote on Sunday on a company offer to end a four-week strike that has hit global nickel prices, a labor union leader said.

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China's Shougang Corp aims to double iron production at its Peruvian unit as demand from Chinese steel makers surged, Peru Energy & Mines Minister Juan Valdivia said.

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Foreign investors in two of Russia's largest mining groups have until late tomorrow to cast their votes in the battle for control of the companies.

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BHP Billiton Ltd. is considering partnering with Chinese miners to seek and invest in mineral ore mines overseas to meet increasing demand for raw materials.

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Standing his ground : Koos Pretorius is one of a group of farmers taking the Department of Minerals and Energy to court.

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China Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd. are pleased to announce that on March 28, 2008, Copper Bridge Acquisition Corp.

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Lundin Mining Corp. , the company that bought more than $2 billion in base-metal assets last year, said exploration in 2007 helped increase the company's zinc reserves by 61 percent.

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The copper market is very tight, and according to analysts at UBS Securities, it is going to get even tighter.

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Jiangxi Copper, the mainland's largest integrated copper producer, said it plans to raise its capital expenditure for 2008 to 4.3 billion yuan from 3.2 billion yuan a ...

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The Environmental Protection Agency has approved the use of copper and alloys for killing bacteria, including the antibiotic-resistance germs that are such a serious problem in hospitals.

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"Residents of coal-mining communities have long complained of impaired health," Michael Hendryx, Ph.D., associate director of the WVU Institute for Health Policy Research in WVU's Community Medicine department, ...

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At least 75 miners are missing and believed to have died in tanzanite mines flooded by heavy rains in northeastern Tanzania, a government official said Saturday.

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The U.S. Forest Service has agreed to hold additional public meetings and work with an oversight committee as it examines the environmental impact of a proposed mine at the former Rosemont Ranch.

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On Feb. 16, I wrote a lengthy column about Silverado Gold Mines Inc., a Vancouver company that has racked up more than four decades of losses, but thanks to some deft stock promotion, has provided a comfortable ...

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Mining companies, suppliers, native ventures, local governments and others are putting up $300,000 to produce a business case study compelling enough to convince the provincial government to resume work on ...

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Ivanhoe Mines Ltd mine development is advancing at Oyu Tolgoi's Hugo Dummett North high-grade underground copper and gold deposit in Mongolia

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Lawyers defending a $76 million judgment won against Massey Energy Co. hope a poll of 753 West Virginians will help convince a state Supreme Court justice to recuse himself from deciding the case.

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IBI Corp. , a junior international mining and investment company, reports that under a Completion Agreement , approved by IBI's Board of Directors, Rio Tinto Uganda Limited has closed the sale of IBI's Namekara ...

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Franco-Nevada Corporation (TSX: FNV) today reported its initial financial results for the period starting from its incorporation on October 17, 2007 and ending December 31, 2007. All figures are in U.S. dollars unless otherwise noted.

On December 20, 2007, Franco-Nevada completed its initial public offering ("IPO") and listing on the Toronto Stock Exchange, entered into an acquisition credit facility with a syndicate of ....

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All amounts are expressed in US dollars, unless otherwise indicated.

HIGHLIGHTS: -

Total revenues for the fourth quarter were $194.2 million, up 14% over the prior quarter.

Net earnings for the fourth quarter were $8.5 million or $0.03 per share, which include a non cash charge of $5.9 million or $0.02 per share and the non cash impact from, finalizing in the fourth quarter, purchase accounting related to the Cambior acquisition of $10.8 million or $0.04 per share.

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Touting the anti-bacterial properties of copper, world producers are looking for a new gold mine: the hospital ward.

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A federal court is granting the Justice Department's request to temporarily halt a civil lawsuit against aluminum maker Alcoa , filed by a company in the Middle East.

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The two global steel giants that snapped up Canada's two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.

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Kennecott Utah Copper pledged Thursday to hire experts to evaluate an impoundment that holds tons of mine waste, a step toward easing anxiety among neighbors after the company for years failed to disclose risks ...

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Xstrata Plc , the Swiss company that ended takeover talks with Brazilian iron-ore producer Cia. Vale do Rio Doce , may bid for mining companies including First Quantum Minerals Ltd . and Alumina Ltd. , Citigroup Inc. said. It may also consider acquiring ..

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IAMGOLD Corporation announces the Company's 2007 year end mineral reserves and resources.

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Metso Minerals will supply crushing and grinding equipment to Anglo American for the Los Bronces development project in Chile.

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Secured the grant in 2007 of 56 new exploration licenses covering approximately 140,000km2 in the territorial waters of Papua New Guinea, Solomon Islands and Tonga - Discovered four new seafloor massive ...

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Mining group BHP Billiton Ltd/Plc will phase out business with Standard Bank Group in the first corporate spat brought on by South Africa's power crisis.

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BHP Billiton Ltd. , the world's largest mining company, declared force majeure on deliveries from its nickel mine in Colombia after a strike cut production.

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On the Thursday before Easter some of the directors of Opes Prime Stockbroking discovered what is euphemistically known as "irregularities" with some of the trades - also known as a hole in the accounts.

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There has been a large collapse in the pit wall at the Lake Cowal Gold Mine in central New South Wales at the same time as Barrick Gold seeks State Government approval to increase the life ...

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Australia has launched its own probe into allegations that US aluminum giant Alcoa defrauded Alba out of hundreds of millions of dollars, to avoid being "caught by surprise" if the case spreads Down Under.

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Nine miners were killed and another five were missing after an explosion in an illegally operating Chinese coal mine brought down an estimated 100 tonnes of coal, the official Xinhua agency said.

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Idemitsu Kosan Co. , the only Japanese oil refiner that owns coal mines, expects to resume full operations at its Ensham deposit in Australia in early 2009, after heavy rain and floods disrupted production.

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Showing its hand as eager to proceed with the massive but increasingly expensive $3.5-billion Petaquilla copper and gold project in Panama, Inmet Mining Corp.

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The Mosaic Company announced today that Canpotex Limited, the export association of Saskatchewan potash producers, has reached an agreement to supply 1.3 million metric tonnes of potash to its key Indian ...

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