Fear not the 'Glenstrata' giant, say coal customers

Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already rely on the two for supplies of coking coal for steel and thermal for power generation. They say the tie-up,...

Yukon-Nevada inks $20m gold forward-sales deal with Deutsche Bank

Yukon-Nevada Gold Corp on Wednesday said it agreed to sell future gold production forward to Deutsche Bank to fund operations and expansion at its Jerritt Canyon mine in Nevada. Under the agreement, Toronto- and Frankfurt-listed Yukon-Nevada is...

Nickel vulnerable to weak China imports, slow demand

A month-long rally in nickel prices risks running out of steam as import demand from top consumer China eases due to a well supplied market and a lack of appetite in Europe saps demand for stainless steel. Benchmark nickel on the London Metal...

Extract expects uranium supply gap by the time Husab starts production

Less than four years after the Husab uranium deposit in Namibia was first discovered the project was now ready for development, Extract Resources CEO Jonathan Leslie told the Investing in African Mining Indaba in Cape Town this week. Leslie said...

Friedland upbeat about SA platinum discovery

Canada’s Ivanplats has discovered a significant platinum deposit near Mokopane in South Africa, CEO Robert Friedland said on Wednesday, adding that it was considering setting up smelting and refining operations in the country. Speaking at the...

Central banks buying gold – David Hale

Emerging central banks were for the first time in modern history buying gold, Hale Global Economics founder David Hale said on Tuesday. Hale told the Mining Indaba that last year the emerging market central banks of Russia, Korea, Kazakhstan and...

BHP taking measures to address downstream challenges

Diversified giant BHP Billiton would continue to take “deliberate measures” to address the challenges that its downstream-oriented businesses were facing, CEO Marius Kloppers said on Wednesday. In its financial results for the first six...

BHP profits slump, sees global slowdown

Global miner BHP Billiton has reported a 6% decline in attributable profit for the first half of 2012, with profit falling to $9.9-billion, from $10.5-billion in the previous corresponding period. CEO Marius Kloppers said on Wednesday that the...

Romarco's Haile gold resource surpasses 4Moz

Romarco Minerals on Tuesday announced a 29% boost in measured and indicated resources at its Haile gold project in South Carolina, with the number topping the four-million ounce mark. And with permitting anticipated at the end of the year, the...

Goldcorp chair Telfer named in securities probe

Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, suggesting he helped the main defendant in the case disguise her illegal trading activities. Telfer, a well-known Canadian...

Chile to auction lithium mining contracts - report

Chile will auction contracts for the right to explore and produce lithium, as the world's top copper producer seeks to boost its output of the material used in hybrid vehicles, computer and smartphone batteries, local media said on Tuesday....

Glencore commodity trading earnings slump in 2011

Glencore lost money on agricultural commodities in 2011 by trading volatile cotton markets and saw the profitability of trading metals and oil remaining weak or declining, the commodities giant said on Tuesday. Glencore, which rivals Vitol for...