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BASE METALS

Hudbay reports Q2 profit on rising copper sales

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Constacia, Peru Canadian base metals producer HudBay Minerals has reported a profit for the three months ended June 30, as higher copper sales lifted the bottom line. HudBay recorded a profit of $252 000, or nil per share, compared with a loss of $52.7-million...
31st July 2014
 
 
GOLD

Giyani extends exclusivity period for negotiations with energy company

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Southern Africa-focused Giyani Gold on Thursday announced that it remained in exclusive negotiations with a private international energy company with multiple projects in attractive jurisdictions, including an operating asset in South Africa, with...
31st July 2014
 
 
GOLD

Sibanye Gold set to pay R1bn-a-year minimum dividend to 2028 Video Available

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South Africa-focused Sibanye Gold, which on Thursday posted its sixth consecutive above-guidance quarter, has set its sights on being a benchmark dividend payer in the gold-mining sector. The Johannesburg- and New York-listed gold-mining company...
31st July 2014
 
 
GOLD

Newmont OKs $1bn Suriname mine development, lifts Q2 profit

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Denver, Colorado-based gold producer Newmont this week announced that it would proceed with developing the $1-billion Merian gold mine, in Suriname, the first new big gold-mining project announces by a major miner since a wave of project...
31st July 2014
 
 
GOLD

South Sudan delays gold production by a year due to conflict

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South Sudan will delay the start of gold mining by a year from its planned date in 2016, a senior government official said on Thursday, due to fighting between rival political groups in the world's newest country. Andu Ezbon Adde, undersecretary...
31st July 2014
 
 
MINERAL EXPORTS

Newmont to use dual approach to restart Indonesia mine exports - CEO

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Newmont Mining will stick to a "parallel path" of arbitration and negotiation with the government of Indonesia in an attempt to resolve an impasse over copper concentrate exports, the company's chief executive said on Wednesday. The US-based...
31st July 2014
 
 
GOLD

Bassari's Chinese alliance moves Senegal project closer to production

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ASX-listed gold developer Bassari Resources has inked a strategic alliance with China’s Vanture International for the supply of processing equipment at the Makabingui gold project, in Senegal. The company told shareholders that the alliance was...
31st July 2014
 
 
GOLD

Andy Well hits production targets in first year

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Despite reporting a quarter-on-quarter decline in gold production during the three months to June, ASX-listed Doray Minerals' Andy Well mine, in Western Australia, has met its first year production and cost guidance. The Andy Well mine produced...
31st July 2014
 
 
 
 
 
 
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