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South America
 
GOLD

Yamana Gold boosts profit by 15% Restricted

0 COMMENTS
TSX- and LSE-listed Yamana Gold on Tuesday reported first-quarter earnings rose by 15% to $170-milion, or $0.23 a share, on the back of increased production and higher prices achieved for its products. CEO Peter Marrone said production climbed by...
By: Henry Lazenby
2nd May 2012
 
 
COMMIDITY BOOM

Bank of Canada head sees long-term commodity boom Restricted

0 COMMENTS
Commodity prices are likely to remain high for longer than in previous booms, Bank of Canada Governor Mark Carney said on Tuesday, while repeating the central bank's recent warning that interest rates may need to rise. Carney, asked to name...
By: Reuters
2nd May 2012
 
 
OIL & GAS

Ecuador reaches compensation deal with Petrobras over assets Restricted

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Ecuador agreed to pay Petrobras $217-million as compensation for seizing assets from the Brazilian state-run oil company in 2010, at least 30 percent more than a previous proposal. Ecuador took control of the oil assets owned by Petrobras in the...
By: Reuters
1st May 2012
 
 
GOLD M&A

Gold majors could hit ‘slam dunk’ with junior M&As Restricted

0 COMMENTS
With the gold price remaining resiliently high, mid-tier and major producers pumping cash, and junior equities more depressed by the day, analysts say Iamgold’s purchase of Trelawney mining last week could be a sign of things to come....
By: Henry Lazenby
30th April 2012
 
 
MINING SUSPENSION

Goldcorp says court suspends Chile project green nod Restricted

0 COMMENTS
Goldcorp Canada's No 2 gold miner, said environmental permit approval for its El Morro copper-gold project was suspended by the Supreme Court of Chile. Sociedad Contractual Minera El Morro, which is 70% owned by Goldcorp and rest by New Gold,...
By: Reuters
30th April 2012
 
 
GOLD/SILVER

Slim's Frisco posts big jump in Q1 profit Restricted

0 COMMENTS
Mexican billionaire Carlos Slim's mining company Frisco said on Monday net profit in the first quarter jumped 220%, boosted by foreign exchange market bets. Earnings rose to 701-million pesos ($55-million) in the first three months of 2012, up...
By: Reuters
30th April 2012
 
 
COPPER

Chile March manufacturing spikes vs Feb, jobless up Restricted

0 COMMENTS
Chile's manufacturing production surged in March from February but slowed sharply from a year earlier, the government said on Monday, underscoring an expected economic slowdown along with a slightly higher jobless rate and drop in copper output....
By: Reuters
30th April 2012
 
 
STEEL

Global steel consumption growth to slow in 2012 Restricted

0 COMMENTS
The World Steel Association (worldsteel) is forecasting global steel consumption growth to slow to 3.6% in 2012, from 5.6% in 2011, as China enters a less steel-intensive growth phase and eurozone debt crisis uncertainties continue to persist....
By: Idéle Esterhuizen
30th April 2012
 
 
GOLD

Newmont posts 9% rise in profit, Peru project remains suspended Restricted

0 COMMENTS
NYSE- and TSX-listed Newmont Mining on Friday reported a 9% increase in first-quarter profit to $561-million, or $1.13 a share, keeping within its expectation for the year. The multinational gold miner lifted revenue for the quarter by 9%, to...
By: Henry Lazenby
30th April 2012
 
 
IRON-ORE

Centaurus signs access agreement at Jambreiro Restricted

0 COMMENTS
Iron-ore developer Centaurus Metals has signed a ten-year land access and cooperation agreement for its Jambreiro project, in Brazil, allowing for the development of the project. Under the terms of the agreement, Centaurus would pay A$625 000 to...
By: Esmarie Swanepoel
27th April 2012
 
 
IRON-ORE

Vale sees higher tax bills ahead Restricted

0 COMMENTS
Vale, the world's largest iron-ore miner, expects demand and prices for its main product to recover through 2012, but is likely to face bigger future tax bills that would make it harder to capitalise on any improvement in metal markets, company...
By: Reuters
27th April 2012
 
 
LEGISLATIVE ENVIRONMENT

Chile proposes tax reform to fund education overhaul Restricted

0 COMMENTS
Chile's government on Thursday proposed a sweeping tax reform that raises levies on companies to help fund an education overhaul, as it seeks to quell social protests ahead of local elections seen as a litmus test for the 2013 presidential race....
By: Reuters
27th April 2012
 
 
 
 
 
 
 
South America Multimedia
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Mali is Gold Fields ‘new frontier' – Turner Video
Gold Fields to cut another 50 MW – CEO Video
Gold Fields has lower net debt, $1bn headroom... Video
More investment demand for gold on way – Gold... Video
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Mine nationalisation talk ‘hot air' – Gold... Video
Johnson Matthey bullish on platinum, palladium,... Video
Falling steel shuts AngloGold Ashanti shaft for... Video
Solution needed to electricity pricing, rand... Video
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Teck expects record copper, coal... Audio
Still significant upside for gold -... Audio
 
 
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