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North America
 
RING OF FIRE

Ontario govt, First Nations celebrate framework for RoF negotiations

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The Ontario provincial government and local First Nations on Thursday celebrated the recent signing of a landmark regional framework agreement to develop the Ring of Fire (RoF), a mineral-rich area in the northern muskeg-wastelands of Ontario. The...
24th April 2014
 
 
IRON-ORE

Cliffs Natural posts Q1 loss on lower iron-ore, coal prices

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Cliffs Natural Resources, which is facing off against an activist investor that wants to break up the company, posted a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal. The Cleveland,...
24th April 2014
 
 
POTASH

PotashCorp narrows Q1 profit, sees weaker-than-expected Q2 earnings

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The world’s largest potash producer Potash Corporation of Saskatchewan (PotashCorp) on Thursday reported a 39% slide in net income for the three months ended March 30, but beat analyst expectations and its own guidance for the period. The...
24th April 2014
 
 
BASE METALS

Freeport-McMoRan stock on the up despite 21% Q1 profit drop

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Grasberg, Indonesia. Despite reporting a 21% drop in first-quarter earnings, base metals miner Freeport-McMoRan’s NYSE-listed stock was on Thursday rising after it beat analyst expectations. For the three months ended March 31, the Phoenix, Arizona-based miner...
24th April 2014
 
 
COAL

Peabody Energy widens Q1 loss as weak coal prices persist

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US coal producer Peabody Energy on Thursday reported disappointing first-quarter earnings as weak coal prices persisted, translating into a wider-than-expected loss. For the three months ended March 31, St Louis, Missouri-based Peabody more than...
24th April 2014
 
 
COAL

Patriot Coal issues potential lay-off notices to 847 WV workers

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Mere months after announcing its emergence from an 18-month-long Chapter 11 reorganisation as a well-capitalised private company, US miner Patriot Coal on Wednesday announced that it had issued 60-day notices of potential layoffs to 847 West...
23rd April 2014
 
 
GOLD

Klondex strikes toll milling agreement with French Gulch Nevada Mining

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TSX-listed Klondex Mines on Wednesday announced that it had struck a toll milling agreement with French Gulch Nevada Mining to process gravity concentrates produced from the Washington mine at Klondex's Midas mill. Under terms of the one-year...
23rd April 2014
 
 
ENGINEERING SERVICES

AngloGold Ashanti awards engineering contract for Colorado gold mine

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Global engineering and construction firm Foster Wheeler on Wednesday announced that a subsidiary of its Global Engineering and Construction Group had been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption,...
23rd April 2014
 
 
MONGOLIA COPPER

Mongolia March copper exports up 53% on rising Oyu Tolgoi sales

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Mongolia's copper concentrate export volumes leapt 53% year-on-year in March, with rising output from the $6.5-billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed. According to figures...
23rd April 2014
 
 
TAKEOVER OFFER

Augusta still looking for alternative deals, 10 potential suitors signed on

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Conceptual Rosement operation. US-focused copper project developer Augusta Resource Corp on Wednesday revealed that it had signed ten confidentiality agreements with potential suitors under its strategic review process, as it sought to maximise shareholder value in dealing with...
23rd April 2014
 
 
VANADIUM

American Vanadium announces first CellCube installation in New York

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US vanadium project developer and renewable energy technology purveyor American Vanadium on Wednesday unveiled plans to demonstrate the CellCube vanadium redox flow energy storage system in partnership with the New York State Research and...
23rd April 2014
 
 
PLATINUM

Platinum strike highlighting huge potential opportunity loss for economy

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The prolonged strike of the Association of Mineworkers and Construction Union in the platinum belt is highlighting the colossal potential opportunity loss to the South African economy should the country lose out on its platinum patrimony, which...
23rd April 2014
 
 
 
 
 
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