Fortuna Silver more than doubles income

TSX-listed Fortuna Silver Mines on Wednesday reported its first-quarter net income increased by 132% to $11.11-million as a result of higher silver production. The company produced 118% more silver than a year ago, owing to 11% higher silver...

AngloGold misses production target as safety stoppages bite

JSE-listed AngloGold Ashanti produced 980 000 oz of gold during the first quarter of 2012 – falling short of its 1.03-million-ounce production forecast. The company on Tuesday said that safety stoppages, and the subsequent ramp-up associated...

Company Announcement: AngloGold Ashanti First Quarter 2012 Production Update

On 15 February 2012 AngloGold Ashanti, at the time of its full year 2011 earnings release, guided first quarter 2012 gold production at 1.03Mozs at total cash costs of $820/oz - $835/oz at an average exchange rate of R7.40/$, BRL1.70/$, A$1.01/$,...

Anglo American on verge of landing major iron-ore contract in Brazil

The iron ore business unit of Anglo American Brazil (Anglo Brazil) hopes to conclude a contract with the Italian-Argentinian group Techint, to supply the latter with the ore for a planned new steel plant in Rio de Janeiro state, before the end of...

Anglo American Brazil on verge of landing major contract

The iron ore business unit of Anglo American Brazil (Anglo Brazil) hopes to conclude a contract with the Italian-Argentinian group Techint, to supply the latter with the ore for a planned new steel plant in Rio de Janeiro state, before the end of...

Drilling contractor targets growth

A returning exhibitor to the Prospectors and Developers Association of Canada (PDAC) event is global specialty drilling contractor company Energold Drilling Corp.

Opportunities and challenges for miners

Metallurgical coal and base metals provide the greatest opportunities for Canadian firms, says PwC Canadian mining leader John Gravelle.

Global resources provide group with advantage over competitors

Engineering and project delivery company Amec reports that its global resources provide it with a definite advantage when dealing with challenges hindering the execution of mining and metals projects in South Africa and Africa

27/01/2012 (On-The-Air)

South Africa is set to benefit from its strong position in vanadium, which is being developed to store electricity; the US government is now offering South Africa’s free insights into the money-making shale-gas business; and South Africa’s one...

Chalice puts Eritrea gold project on chopping block

TSX- and ASX-quoted Chalice Gold Mines said on Monday it signed a nonbinding agreement to sell its Zara project in Eritrea, the East African State that the UN slapped with further sanctions last week. The junior did not disclose the name of the...

AngloGold targets aggressive growth, to spend $1.5bn by 2013

South Africa-based gold major AngloGold Ashanti on Tuesday said it had a “robust” project pipeline with more than a 100 projects on the cards. The top five of these would consume about 80% of the miner’s capital expenditure. AngloGold...

It’s records all round for cash-rich, dividend-hoisting AngloGold

Gold major AngloGold Ashanti posted a record profit of R3.5-billion ($457-million) for the third quarter, as well as a record operating cash flow of R6.7-billion ($863-million). Payouts to shareholders will now be made quarterly, instead of twice...