Liezel Hill

Inmet posts Q4 profit on higher prices

TSX-listed Inmet Mining earned C$89,76-million in the fourth quarter, compared with a net loss of C$32,5-million posted a year earlier, after copper and zinc prices rose and the company reduced operating costs. Sales for the quarter more than...

Alpha Natural earnings jump 221%, lifts output forecast

US coal miner Alpha Natural more than tripled its fourth quarter profit to $18-million, compared with $5,6-million a year earlier, boosted by higher shipments after the company acquired rival Foundation Coal last year. The firm said it had...

Teck earned C$411m in Q4, helped by base metals

Vancouver-based Teck Resources posted a C$411-million net profit for the fourth quarter of 2009, compared with a C$607-million loss a year earlier, after higher base-metal prices offset weaker coal prices and the effects of a stronger Canadian...

Canadian union wants govt investigation of Xstrata closure

The Canadian Auto Workers (CAW) union wants the government to investigate whether international miner Xstrata has good enough reasons for closing its Kidd metallurgical site, in Timmins, Ontario. The provincial and federal governments should...

Century says Peru workers back at work

Striking mine workers at Century Mining's San Juan gold miner in Peru have returned to work and operations have resumed, the company reported on Monday. Century said on February 2 that union members employed by the mine had downed tools, but that...

Capital Gold reports increased production at Mexico mine

Amex- and TSX-listed Capital Gold produced 12 496 oz of gold in the three months ended January 31 - its fiscal second quarter – from the El Chanate mine, in Mexico. Importantly, monthly output rose from 3 429 oz in November to 5 236 oz in...

Katanga reports Q4 profit as output ramps up

TSX-listed Katanga Mining earned $15,3-million in the fourth quarter of 2009, compared with a net loss of $12,6-million in the third quarter, the copper- and cobalt-miner announced on Monday. Shares in the company jumped more than ten percent on...

Canpotex inks Q1 supply agreement with China's Sinofert

Canpotex, the offshore marketing company for Canadian potash producers Potash Corp, Agrium and Mosaic, has agreed to sell 350 000 t of potash to China's Sinofert before the end of March. The sales agreement was at “competitive prices”,...

Forsys Metals hires new CEO

Uranium junior Forsys Metals has appointed former First Quantum Minerals executive Marcel Hilmer as CEO, the firm announced on Monday. Hilmer will replace Duane Parnham, who is stepping down from the position, but will continue on the board as...

Vale starts nickel shipments from Sudbury smelter

Brazilian-owned Vale Inco shipped the first nickel matte product on Thursday from its smelter in Sudbury, Ontario, since restarting the plant last month. Vale announced in January it would resume operations at the smelter at 50% of capacity,...