EUROPE

Tenders for work in the Europe

EUROPE

Tenders for work in the Europe

Mozambique to launch Tete coal bids this year

Mozambique will launch this year a bidding round for new coal prospecting and mining licences in its central Tete province, where Vale and Rio Tinto have already started production, its deputy mines director said. That will be a departure from...

EUROPE

Tenders for work in the Europe

Lundin says Q1 profit down by 18%, prices low

Base-metals miner Lundin Mining on Wednesday reported first-quarter profit falling by 18% to $58.3-million or $0.10 a share, as a result of lower prices achieved for its commodities. In its quarterly report, the company said the average metal...

Australia, Canada and Chile seen as top mining destinations

Australia, Canada and Chile have remained the top resources investment destinations, while Russia, Bolivia, the Democratic Republic of Congo and Papua New Guinea fell to the lowest rated countries of the 25 considered in minerals industry adviser...

Lundin to pursue 'bolt-on' copper, zinc deals

Base metals producer Lundin Mining is rummaging around for acquisitions that could add immediate or near-term copper and zinc production, but it has ruled out any transformational deals after its proposed merger with Inmet Mining fell through last...

Lundin profit plunges 71% to $42.5m

Canadian miner Lundin on Wednesday posted a 71% drop in net earnings for the fourth quarter, which came in at $42.5-million, compared with $146.1-million a year ago. Profit took a hit after the TSX-listed company lost out on sales from the...

Additional management appointed at Minas Moatize

Aim-listed Beacon Hill Resources (BHR) has appointed additional senior management role-players at its Minas Moatize coal mine, in Tete, Mozambique, in preparation for the mine’s ramp up next year.

Market analyst predicts financial market slump that will wreak havoc on commodities

Global market analyst Natixis Commodities Markets (NCM) warns of a ‘rocky road’ ahead for the global financial markets, which could wreak havoc on commodities as demand will slow.

Lundin's Conibear running the firm as though permanent CEO

Lunding Mining interim CEO Paul Conibear said on Wednesday he was running the company as though he was permanently in the post, though the board had yet to appoint a permanent CEO. The TSX-listed copper and zinc producer said in May it would not...

Emerging world buys $10bn in gold as West wobbles

Central banks of emerging market countries such as Korea and Thailand have added more than $10-billion of gold to their reserves this year in a sign of waning faith in the West's benchmark bonds and currencies like the dollar and the euro....