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TSX slips as US economic data drags

By: Reuters     Updated 20 minutes ago Canada's main stock index declined on Friday as negative sentiment following a sluggish US economic report helped offset gains in commodity prices and resource stocks. Government data showed that US economic growth slowed in the fourth quarter, following two quarters of strong growth. 

El Teniente mine fire won't hurt copper production – Codelco

By: Reuters     Updated 1 hour 23 minutes ago Codelco does not expect Thursday's fire at its El Teniente mine to affect copper production, the chief executive of the Chilean state-run copper firm told Reuters on Friday. Codelco halted operations at the Colon Alto secondary crushing plant at El Teniente after a fire that lasted around two... 

Codelco to cut 2015 costs by $1bn as copper price plummets

By: Reuters     Updated 1 hour 47 minutes ago World No 1 copper miner Codelco will slash costs by $1-billion in 2015 and cut direct cash costs by $0.193/lb of copper at its operations, CEO Nelson Pizarro said Friday, as the price of the base metal slumped to multi-year lows. Still, none of the Chilean state-run copper miner's large... 

Vedanta plans capex cuts, 'deep restructuring' in Zambia

By: Reuters     Updated 2 hours 55 minutes ago Vedanta Resources, hit by weaker commodity prices, said it planned "hundreds of millions of dollars" in capital spending cuts and deferrals, while looking at a "deep restructuring" of its struggling Zambian copper business. Vedanta spent $1.42-billion on capital projects in year ended June 30,... 

Gold miners continue work to address occupational lung disease compensation issues

By: Creamer Media Reporter      Updated 3 hours ago Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold are continuing with measures to tackle issues relating to compensation and medical care for occupational lung disease in the gold mining industry in South Africa. “Further initial... 

Mine fatalities at lowest level ever – Ramatlhodi

By: Ilan Solomons     Updated 3 hours ago The 84 mine fatalities recorded in 2014 were the lowest ever in South African mining history, Mineral Resources Minister Ngoako Ramatlhodi revealed during a media briefing in Tshwane on Friday. Mineworker fatalities were down 10% from the 93 deaths reported in 2013. 

Mine fatalities at lowest level ever – Ramatlhodi

Coal of Africa shares rise on update

By: Martin Creamer     Updated 7 hours ago The shares of triple-listed Coal of Africa Limited (CoAL) rose by more than 3% before noon on Friday following the company’s release of a quarterly update, which recorded a series of financial settlements, environmental go-aheads and project advances. CoAL also announced the issuing of... 

Coal of Africa shares rise on update
Photo by Duane Daws
David Brown

Merafe lifts FY, Q4 ferrochrome output

By: Natalie Greve Merafe Resources has lifted attributable ferrochrome production from the Glencore-Merafe chrome venture by 3% year-on-year to 92 000 t in the quarter ended December 31. The company said in a report on Friday that the improved output was the result of the start-up of Project Lion II, which was... 

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