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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... →
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... →
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... →
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,... →
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... →
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... →
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... →
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... →