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By: Henry Lazenby Updated 4 hours ago Canadian gold miners with operations in Burkina Faso on Thursday said that despite the declare state of emergency, their operations were continuing uninterrupted. Burkina Faso’s president Blaise Compaore had declared a state of emergency following violent protests in the capital that saw... →
By: Reuters Updated 5 hours ago Canadian base metal miner First Quantum Minerals reported a bigger-than-expected drop in third-quarter earnings on Thursday, due in part to lower copper and nickel production. The company, which primarily mines copper but also produces nickel and gold, said earnings fell to $121.2-million, or... →
By: Henry Lazenby Updated 5 hours ago Gold producer Newmont Mining has reported lower earnings for the three months ended September 30, as lower sales and metals prices weighed on the balance sheet. However, the Denver, Colorado-based company’s financial results beat analyst forecasts, helped in part by lower costs. →
By: Henry Lazenby Updated 7 hours ago A recovery in metallurgical coal prices to between $135 and $145 per metric tonne is unlikely before the second half of 2016, Moody’s Investors Service said on Thursday. In its sector commentary ‘Slow China demand, few curtailments push out met coal recovery’, published on Thursday, the firm said... →
By: Henry Lazenby The NYSE-listed stock of coal miner Walter Energy in early trading on Thursday morning fell by as much as 13%, despite the company reporting better-than-expected results for the quarter ended September 30. Birmingham, Alabama-based Walter reported a net loss of $98.9-million, or $1.48 a share,... →
By: Reuters Mosaic Co on Thursday forecast record-high global phosphate and potash shipments in 2015 despite concerns that weak crop prices would reduce farmers' fertiliser purchases. The Plymouth, Minnesota-based company's quarterly profit jumped 63% as it sold more phosphate at higher prices, but the... →
By: Reuters Vale posted a surprise $1.44-billion loss, and its shares tumbled to a five-and-a-half-year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron-ore prices. Vale cited low iron-ore prices and a weak local... →
By: Henry Lazenby US coal producer Alpha Natural Resources on Thursday reported a narrower third-quarter net loss of $185-million, or $0.84 a share, compared with a net loss of $458-million, or $2.07 a share, in the comparable quarter of 2013, when it booked a $253-million goodwill impairment charge. Excluding... →