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North America
 
MEXICO

Grupo Mexico doubles net, buys drilling firm Restricted

Miner Grupo Mexico said on Friday its fourth-quarter net profit more than doubled due to higher metal prices and increased production, and it announced that it acquired an oil drilling company. Grupo Mexico earned 4,76-billion pesos ($363...
5th February 2010
 
CANADA

Vale starts nickel shipments from Sudbury smelter Restricted

Brazilian-owned Vale Inco shipped the first nickel matte product on Thursday from its smelter in Sudbury, Ontario, since restarting the plant last month. Vale announced in January it would resume operations at the smelter at 50% of capacity,...
5th February 2010
 
CANADA

Xstrata Sudbury deal has 'no bearing' on Vale Restricted

The United Steelworkers (USW) union said on Friday that a recent contract agreement between Xstrata Nickel and its Sudbury workers should send Vale Inco back to the bargaining table with its own striking employees, but the company responded that a...
5th February 2010
 
MOLYBDENUM

Thompson Creek terminates $35m credit facility Restricted

Molybdenum producer Thompson Creek Metals has terminated its $35-million credit facility, a move expected to improve financial flexibility, the company said on Friday. The facility was originally set up in 2006, “when the company was in a...
5th February 2010
 
GOLD

More investment demand for gold on way – Gold Fields Video Available Restricted

There will be more investment demand for gold in 2010, says Gold Fields CEO Nick Holland. His view is that 2009 saw only the start of investment demand for gold and that the world would see more in the current year. "There'll be continued growth...
5th February 2010
 
M&A

Australian explorer Kings to acquire rest of San Anton Restricted

ASX-listed gold explorer Kings Minerals on Friday reported that it had agreed, in principal, to acquire all the issued and outstanding shares of its 71,3% controlled subsidiary, San Anton Resources Corporation, in exchange for Kings shares. Kings...
5th February 2010
 
GOLD

Gold Fields negotiating six-day week at Driefontein, Kloof Video Available Restricted

JSE-listed Gold Fields is upping its operational game to cope with the increased operational volatility of government stoppages and the consequent restarting delays as well as the intensity of seismicity at depth. Full calendar operation (Fulco)...
5th February 2010
 
IRON-ORE

Pallinghurst and Red Rock end Jupiter venture Restricted

Australian junior Jupiter Mines on Friday reported that its two largest shareholders, JSE-listed Pallinghurst Resources and Aim-listed Red Rock Resources, had terminated all their voting, sale and cooperation arrangements in Jupiter. The two...
5th February 2010
 
 
North America Multimedia
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Currency volatility may spoil Gold Fields'... Video
We already have scale, says Xstrata-rejecting... Video
AngloGold Ashanti Q2 output up, earnings rise Video
Currency-hit Angloplat expects rand to trade... Video
Cash-pumping Kumba set to spend R4bn a year in... Video
Low-cost Pilanesberg breaks even at $650/oz... Video
Platinum miner Platmin's JSE listing benefits... Video
Cash-hit majors should revert to listing... Video
Simmers reports FY profit, output up Video
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Canada's Raitt will prioritise... Audio
First production under its belt, now... Audio
Randgold Resources on the prowl,... Audio
South Africa’s State mining company... Audio
Sallies negotiating higher Witkop... Audio
Minebuilders take heart: 'The money... Audio
Major Drilling sees 'structural... Audio
Ontario fast-tracks mining law revamp... Audio
Eastern Goldfields plans to list on... Audio