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By: Reuters Updated 5 hours ago Brazilian miner Vale said on Wednesday it had resumed work on the expansion of a rail line which is part of its giant Carajas iron-ore project in the Amazon after a court suspension was lifted. Work had been partially stopped since July 9, due to the potential impact on a nearby indigenous... →
By: Henry Lazenby Updated 5 hours ago Canadian miner Centerra Gold has completed a positive feasibility study on its fully owned Öksüt project, located in south-central Turkey, with first gold production slated for early in the second quarter of 2017. The feasibility treatment’s base-case scenario estimated the project to have an... →
By: Henry Lazenby Updated 5 hours ago TSX- and ASX-listed Alacer Gold this week reported strong results for the quarter ended June, as lower costs and improved production boosted the bottom line. The Toronto-headquartered company on Monday reported an 8% improvement in gold production from its 80%-owned Çöpler gold mine, in Turkey,... →
By: Henry Lazenby Updated 5 hours ago Canadian miner Capstone Mining has reported a 92% slide in second-quarter earnings, as lower sales, lower realised prices and increased costs impacted the company’s quarterly performance. Vancouver-based Capstone, which had operations in the US, Mexico, Canada, Chile and Australia, reported net... →
By: Henry Lazenby Updated 5 hours ago New Gold has reported an adjusted net loss of $1.3-million, or $0.00 a share, in the second quarter ended June, compared with an adjusted profit of $8.2-million, or $0.02 a share in the year-earlier period. The TSX- and NYSE MKT-listed copper, gold and silver producer did, however, beat analyst... →
By: Henry Lazenby Updated 5 hours ago Global miner Cliffs Natural Resources has in the past 12 months managed a return to profitability despite the price of iron-ore sinking to its lowest since at least 2009 earlier month, as the largest producers such as Rio Tinto Group and BHP Billiton boosted output into an oversupplied market.... →
By: Henry Lazenby Updated 5 hours ago Canadian miner Kinross Gold has started discussions with the Mauritania government and employee representatives at its Tasiast gold miner regarding cost saving measures, including a potential workforce reduction, the miner said on Wednesday. The TSX- and NYSE-listed miner said the blighted... →
By: Henry Lazenby Updated 6 hours ago Prospective seafloor miner Nautilus Minerals has awarded a contract for the detailed design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane office of the global consulting engineering firm DRA Group. The scope of work awarded to DRA... →