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Asia
 
IRON-ORE/COAL

Beleaguered Cliffs posts Q2 loss, beats expectations

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US iron-ore and coal producer Cliffs Natural Resources, which is locked in a proxy fight with an activist shareholder for control of the board, on Wednesday reported a net loss for the three months ended June 30, as lower iron-ore and...
24th July 2014
 
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

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Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
 
IRON-ORE

Kumba’s cash return to black shareholding now at astounding R23bn Video Available

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The cash return of Anglo American’s Kumba Iron Ore to its black shareholding since Kumba’s listing on the Johannesburg Stock Exchange in 2006 has risen to R23.5-billion, Kumba CFO Frikkie Kotzee revealed this week. Kumba subsidiary Sishen...
23rd July 2014
 
 
BASE METALS

Glencore expects closing La Bambas sale early August

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Global diversified miner Glencore on Tuesday reported that all conditions to complete the $5.85-billion cash sale of its Las Bambas copper project, in Peru, to a consortium of investors had been met, adding that it now expected to close the deal...
22nd July 2014
 
 
IRON-ORE

Kumba providing helping hand to up-and-coming BEE iron-ore juniors Video Available

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South Africa’s biggest iron-ore mining company, Anglo American’s JSE-listed Kumba Iron Ore, is lending a helping hand to up-and-coming black economically empowered (BEE) iron-ore juniors in the Northern Cape and Limpopo provinces. Kumba CEO...
22nd July 2014
 
 
IRON-ORE

Kumba revenue up on rand weakness, dividend maintained

0 COMMENTS
The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend...
22nd July 2014
 
 
COAL

Indian steel producers seek rollback of import duty on coking coal

0 COMMENTS
Indian steel producers were imploring the government to roll back the 2.5% duty imposed on imported coking coal. Leading domestic steel companies would make a concerted effort to approach the federal Finance Ministry seeking a scrapping of the...
22nd July 2014
 
 
PLATINUM

Amplats capitalising mechanised mines, may spend R100bn to 2024 Video Available

0 COMMENTS
Strike-hit Anglo American Platinum (Amplats) was capitalising its mechanised mines and might spend up to R100-billion on them plus Amandelbult in the next ten years, Amplats CEO Chris Griffith said on Monday. Speaking at the company’s...
21st July 2014
 
 
INDONESIA EXPORTS

Indonesia ships first metal concentrate since January halt

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Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron-ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January....
18th July 2014
 
 
GOLD

Gold dips on profit-taking, safe-haven bids support after plane crash

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Gold dipped on Friday on profit-taking after a sharp overnight jump, but the metal is being supported by a wave of risk aversion after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people. Gold, seen as an alternative...
18th July 2014
 
 
GOLD

St Barbara cuts workforce at Gold Ridge

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Gold miner St Barbara on Friday announced that it would reduce its workforce at the defunct Gold Ridge mine, on the Solomon Islands, as a return to full-scale production would not be possible for “some time”. Operations at Gold Ridge were...
18th July 2014
 
 
COMMODITIES

Are Swiss trading houses turning into banks? Not quite

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The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks. The fast growing trend has made big headlines in the past year...
17th July 2014
 
 
 
 
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Kumba’s cash return to black shareholding now... Video
Kumba providing helping hand to up-and-coming... Video
Amplats capitalising mechanised mines, may... Video
Aviation hitech flying into South African... Video
Mining needs quantum change – SAIMM Video
60 000 ex-mineworkers come forward to claim... Video
NDP requires accelerated mining effort –... Video
‘Hot spot’ Ivory Coast may host next new... Video
25 000 ex-mineworkers come forward to claim... Video
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Underground coal gasification has key... Audio
Deep-pocketed Asian investors eye... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio
Moly price well above $10/lb needed... Audio
Chinese investment in resources seen... Audio
Pan African seeking govt help after... Audio
Better diamond demand possible as... Audio
South Africa’s State mining company... Audio