New Lumwana production report highlights cost risks

TSX- and ASX-listed Equinox Minerals, which is in the process of being acquired by gold miner Barrick Gold in a C$7,3-billion cash deal, has reported that 2011 production guidance for its Lumwana mine, in Zambia, remained at 145 000 t of copper...

Iamgold Q3 profit slips, tackles mill issues at Essakane

Toronto-based based Iamgold earned less in the third quarter compared with a year earlier, after higher gold prices were more than offset by fewer ounces sold, higher mining costs and higher taxes, the company reported on Friday. Net income...

Macarthur Coal raises half-year profit forecast

Australian miner Macarthur Coal has increased its profit guidance for the six months to December on the back of higher US dollar sales prices. Based on the current forecasts, profit for the six months to December was likely to be in the range of...

Company Announcement: Financial result for the half year

Attached please find a press release on: Riversdale Mining Limited (ASX: RIV) reported a net loss after tax and minority interest for the half year to 31 December 2009 amounting to $4.2 million (2008: Profit $80,000). The loss was due to lower...

Lower SA mine output knocks Riversdale’s H1 earnings

Africa-focused coal miner Riversdale Mining reported on Friday that its coal sales had increased by 70 436 t to 388 519 t during the half-year to December 31, 2009. However, lower output and yields at one of its South African operations, knocked...

Still sniffing

Harmony CEO Bernard Swanepoel may be once bitten twice shy when it comes to hostile takeovers following Harmony’s at times unsavoury battle for Gold Fields in late 2004 and the first half of 2005, but he definitely still remains acquisitive.