NSW aluminium plant to close, cut 344 jobs

Norwegian aluminium producer Norsk Hydro was considering closing its Kurri Kurri plant in New South Wales, cutting some 344 jobs. In a statement on Wednesday, executive VP for the primary metals business, Hilde Merete Aasheim said that the Kurri...

Rio Tinto offloads aluminium cable business for $185m

Rio Tinto has agreed to sell its Atlanta, Georgia-based wire and cable business Alcan Cable to NYSE-listed General Cable for $185-million, the companies said on Monday. The diversified mining giant has sold off noncore operations from the...

Prairie Creek mine, Canada

A silver/zinc/lead mine located in the South Mackenzie mountains of the Northwest Territories, Canada.

Panoramic buys WA project from Platinum Australia

ASX-listed Platinum Australia has sold its Panton platinum-group metals (PGM) project, in Western Australia, to fellow listed Panoramic Resources for A$5.25-million and a net smelter return of 0.5%. The project is estimated to contain a resource...

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...

Perilya financial performance strong despite weaker prices

Base metals miner Perilya has nearly doubled its earnings before interest and tax for the 2011 financial year to A$52.96-million, compared with the A$26.82-million over the previous financial year. Revenue for the full year increased to...

Company Announcement: Bass Metals - Activities Update

Further to the ASX announcement made on 7 February, 2012 Bass Metals Ltd (ASX: BSM) wishes to provide the following update on its operational activities and discussions with key stakeholders regarding its financial position.

Swan says no bailout for struggling aluminium sector on the cards

Australian Treasurer Wayne Swan on Friday ruled out the possibility of federal funding for the struggling aluminium sector, despite the fact that more than 600 jobs could be on the line. Earlier this week, Alcoa announced that it would be...

Alcoa reviewing viability of Victoria smelter

Aluminium major Alcoa would be reviewing the viability of the Point Henry aluminium smelter, in Victoria, as global economic conditions continued to deteriorate. The miner said on Wednesday that the current global economic conditions were...

Company Announcement: Implats Trading Statement

Shareholders are advised that a reasonable degree of certainty exists that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2011 are expected to be between 552 cents and 587...

Implats expects up to 70% gains on headline earnings

JSE- and LSE-listed Impala Platinum (Implats) on Friday reported that its headline earnings for the six months ended December 31 would increase by between 60% and 70% year-on-year. Earnings a share are expected to be between 552c and 587c.

Company Announcement: Market and Projects update for Sultan Corporation

International minerals company Sultan Corporation is pleased to provide an update on progress at its four resource projects in Central Europe and Australia.