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Ameren will not extend Noranda aluminum plant's power contract

By: Reuters     Updated 7 hours ago Noranda Aluminum Holding Corp will have to seek a new power supplier or negotiate a new contract with Ameren Corp in five years to keep its Missouri smelter running, the latest obstacle for its only primary aluminium plant. Energy provider Ameren's Missouri division told Noranda last Thursday it... 

Peru's economy likely grew by about 4% in April – finmin

By: Reuters Peru's finance minister said on Tuesday that the economy is recovering from a sharp slowdown over the past year and likely grew by around 4% in April from the same month a year earlier. In March, growth had picked up to 2.68% year-on-year, the first sign of a rebound in Peru's mining-fueled... 

Turkish high court overturns lower court ruling, reinstates Kirazli EIA

By: Henry Lazenby Canadian gold miner Alamos Gold’s Kirazli project in Turkey was now set to become the company’s next low-cost mine after the Turkish High Administrative Court had overturned a Lower Court ruling that cancelled permits granted to Alamos by the Ministry of the Environment and Urbanisation. The... 

Turkish high court overturns lower court ruling, reinstates Kirazli EIA

HudBay Minerals strikes collective agreements with most of Manitoba workforce

By: Henry Lazenby The members of United Steelworkers (USW) Local 7106 and USW Local 9338 had ratified new three-year collective agreements with Canadian base metals producer HudBay Minerals, representing about 67% of its Manitoba workforce. Representing about 1 090 unionised employees at its Manitoba operations,... 

Thompson Creek to shutter Endako molybdenum mine

By: Henry Lazenby Dual-listed miner Thompson Creek Metals will place the British Columbia-based Endako molybdenum mine on care and maintenance from July 1, citing the continued weakness in the molybdenum market. The NYSE- and TSX-listed company said that it had taken the decision together with joint-venture... 

Despite downgrades Eskom still plotting big debt-raising campaign in 2015/16

By: Terence Creamer Notwithstanding its recent downgrade to junk status, State-owned electricity utility Eskom is still planning to raise a whopping R66-billion in debt funding during 2015/16 to cover operational and capital expenditure (capex) shortfalls that will arise even after a government equity injection of... 

Despite downgrades Eskom still plotting big debt-raising campaign in 2015/16

Anglo American to start hedging iron-ore in second half

By: Reuters Global mining company Anglo American said it will start using iron-ore derivatives to hedge its exposure from the second half of this year in a move that should help further boost volumes in the fast growing financial market. "In the second half of this year we will definitely implement that... 

Load-shedding a reality until 2023, says former Eskom adviser

By: Natasha Odendaal South Africa’s rotational load-shedding would likely extend until 2023 as strained State-owned Eskom battled several challenges that could potentially sink the power utility in five years if left unchecked, Blom Consulting and Training mining and energy advisory partner Ted Blom claimed on... 

Load-shedding a reality until 2023, says former Eskom adviser

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