Alexco Resources profit falls on weak metal prices

Canadian miner Alexco Resource Corp's quarterly profit fell 62%, hurt by lower metal prices. First-quarter net income was C$1.3-million, or 2 Canadian cents per share, compared with C$3.4-million, or 6 Canadian cents per share, last year.

Inmet profit rises on increased copper sales

Canadian base metal miner Inmet Mining Corp reported a 62% increase in quarterly profit on Thursday as higher copper production outweighed a drop in zinc output and lower metal prices. Net income from continuing operations for the quarter ended...

China's Chalco suffers bigger than forecast Q4 loss

Aluminum Corp of China Ltd (Chalco) reported a bigger-than-expected fourth-quarter net loss of 729.6-million yuan ($115.3-million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of...

Zambia’s copper output to top 660 000 t 
this year – Finance Minister

Zambia, Africa’s largest copper producer, estimates that it will produce 662 000 t of the base metal this year, up from 575 000 t last year.

Norilsk H1 profit down 84%, beats forecast

Norilsk Nickel, the world's largest nickel and palladium miner, said on Monday lower metal prices pushed first-half profit down sharply, but the results beat analyst forecasts. Net profit attributable to shareholders fell 84% year-on-year to...

Platinum producer stays optimistic despite challenges

Platinum producer Anglo Platinum (Angloplat) revealed in its latest financial results that it is maintaining its full-year output forecast of 2,4-million ounces, with the potential to hit 2,6-million ounces during the second half of 2009 in the...

Imnet earnings fall on lower prices, volumes

Canadian base-metals miner Inmet Mining earned C$66,53-million in the second quarter, compared with C$67,71-million a year earlier, after lower metal prices and sales volumes weighed on profit. Lower copper and zinc prices reduced sales by...

95% fall in headline earnings – Angloplat

he headline earnings of the world’s biggest platinum company, Anglo Platinum (Angloplat) fell 95% to R405-million in the half-year to June. The company said on Monday that headline earnings a share attributable to ordinary shareholders...

Northam expects weaker H2 earnings, says Booysendal on track

JSE-listed mid-tier platinum producer Northam reported a 21,5% drop in interim earnings, and warned on Thursday that it would report weaker results in the second half of the financial year, owing to lower metal prices. Profit for the six months...

Zimplats discontinues opencast platinum mining, posts loss

Zimbabwe platinum company Zimplats had discontinued opencast mining because of low metal prices and had run up a $16-million loss in the September quarter when its platinum prices averaged $1 551/oz, the company said on Wednesday. Zimplats said...

Strong poised to grow stronger as platinum industry mulls consolidation

On the one hand, the National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum mining company, and on the other are an acquisitive Impala Platinum and an emerging Xstrata Resources, both...