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Brazil's Usiminas taps Tenaris executive as senior VP

By: Reuters A key shareholder in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA said on Friday that industry veteran Tulio Chipoletti was named as senior industrial VP on a temporary basis. Ternium SA, one of the two controlling shareholders in the company known as Usiminas, said Chipoletti's... 

Peru copper mine Antamina says weaker output to end over medium term

By: Reuters Antamina, Peru's top copper mine, said on Friday it expects a period of weaker production to subside in "the medium term." The mine, in which BHP Billiton and Glencore Xstrata each have 33.75% stakes, produced 246 851 t of copper in the first eight months of 2014, 14% less than in the same... 

Agrium stock surges as activist investor amasses sizeable position

By: Henry Lazenby Canadian fertiliser producer Agrium Inc on Friday rose 7.46% on the NYSE after San Francisco-based activist investor ValueAct Capital Management disclosed in an SEC filing a 5.7% stake in the Canadian fertiliser giant. Starting in August, ValueAct amassed about 8.2-million shares, valued at about... 

Agrium stock surges as activist investor amasses sizeable position

Mindoro Resources ships first iron-ore from Philippines

By: Henry Lazenby TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, the Philippines. The shipment comprising 54 181 wet metric tonnes (wmt) of limonite ore... 

Latest WGC report demonstrates how responsible gold mining distributes value

By: Henry Lazenby The World Gold Council (WGC) this week released the second edition of its ‘Responsible gold mining and value distribution’ report, covering 2013 data, highlighting the continuing contribution responsible gold mining could make in supporting economic development in host countries. The report was... 

Latest WGC report demonstrates how responsible gold mining distributes value

Alamos Gold blames heavy rains for poor Q3 performance

By: Henry Lazenby - and NYSE-listed Alamos Gold this week reported disappointing third-quarter results, citing heavy rains and lower recoveries as weighing on its flagship Mulatos operation’s performance, in Mexico. The Toronto-based miner reported that despite stacking ore containing about 51 900 oz of gold o the... 

Morro Bay Resources finds more resource upside at multi-vein Mexico project

By: Henry Lazenby Mexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones. The Calgary, Alberta-based explorer... 

Morro Bay Resources finds more resource upside at multi-vein Mexico project
Photo by Morro Bay Resources
Peñoles, Mexico

DRDGold Q1 output rises as Ergo glitches resolved

By: Natalie Greve Tailings gold miner DRDGold appears to have turned a corner, lifting gold output by 8% to 37 005 oz in the first quarter of the 2015 financial year. This after the gold producer experienced several successive quarters in which it battled inefficiencies, low yields and high costs associated with... 

DRDGold Q1 output rises as Ergo glitches resolved
Photo by Duane Daws
DRDGold CEO Niel Pretorius

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