Terramin says well placed to weather market storms

Zinc miner Terramin Australia said on Tuesday that it was well placed to weather to current financial market instability and lower metals prices, with MD Nic Clift reaffirming the company’s strategic options to increase output at its Angas mine,...

Gold price could hit $1 500/oz next year, says Holland

Gold could trade as high as $1 500/oz in 2009, the head of Africa’s second-biggest producer of the yellow metal said on Friday. Gold Fields CEO Nick Holland said that the industry was operating slightly above break even at a gold price of...

S Korea PPS buys 5 000 t aluminium

South Korea's state-run Public Procurement Service (PPS) has bought a total of 5 000 t of high-grade primary aluminium ingots via tenders closed on Tuesday, a PPS official and a local trader said yesterday.