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US to evaluate uranium mine cleanups on Navajo land – Justice Dept

By: Reuters The US government will put $13.2-million into an environmental trust to pay for evaluations of 16 abandoned uranium mines on land belonging to the Navajo Nation in Utah, Arizona and New Mexico, the Justice Department said on Friday. The Justice Department said the agreement was part of its... 

Endeavour Mining lifts Q1 earnings on higher sales

By: Henry Lazenby West Africa-focused gold producer Endeavour Gold has reported higher earnings attributable to shareholders as a result of improved sales and lower costs, which was somewhat offset by lower metals prices. For the three months ended March 31, the Vancouver-based corporation reported net earnings... 

Tesla Motors reveals new range of household batteries, new energy division

By: Henry Lazenby Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals such a s graphite, cobalt and lithium required to make these batteries. Tesla... 

Tesla Motors reveals new range of household batteries, new energy division
Tesla Motors CEO Elon Musk.

Turquoise Hill deal to exit Mongolia miner SouthGobi falls through

By: Reuters A deal that would have allowed Canada's Turquoise Hill Resources to unload its remaining stake in Mongolian coal miner SouthGobi Resources, a company that was once worth billions of dollars, has fallen through. Turquoise Hill said on Friday that the agreement with National United Resources... 

Vale debt rating cut 2nd time this year on iron-ore price drop

By: Reuters Brazilian mining company Vale was downgraded late on Thursday by the Standard & Poor's credit-rating agency over concern that a drop in iron ore prices will erode revenue at the world's largest producer of the main steel-making ingredient. New York-based S&P reduced the company's rating to... 

Macquarie revives talks with Jefferies on precious metals business – sources

By: Reuters Australia's Macquarie Group is looking to recruit the precious metals trading team of Jefferies Group LLC's commodities brokerage, two sources familiar with the matter said on Friday. Jefferies, which is owned by Leucadia National Corp, said last month that it would sell most of its Bache unit's... 

Centerra Gold lifts Q1 profit on higher output, sales

By: Henry Lazenby Canadian gold producer Centerra Gold has reported a significant jump in first-quarter earnings on the back of a 53% jump in ounces sold. The Toronto-based company after market close on Thursday reported net earnings of $40.7-million, or $0.17 a share, for the three months ended March 31,... 

Centerra Gold lifts Q1 profit on higher output, sales
Photo by Centerra Gold
Centerra Gold's Kumtor mine, in the Kyrgyz Republic.

DTI mum on amended BEE codes despite May 1 deadline

By: RDM News Wire With just hours to go before the Broad Based Black Economic Empowerment (B-BBEE) Amended Codes of Good Practice come into law on 1 May‚ the Department of Trade and Industry (DTI) had still not clarified several important points - including the draft Qualifying Small Enterprises (QSE) codes and... 

DTI mum on amended BEE codes despite May 1 deadline

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