Peru exchange keen for Australian firms to list

The Peruvian stock exchange has urged Australian resources companies to consider dual listing in Lima to tap into additional funding sources for mining ventures in Latin America. The stock exchange’s CEO Francis Stenning told delegates at the...

Cutifani says policies on way to support robust SA mining industry

The CEO of South Africa’s largest gold-mining company expressed confidence on last week that a new policy structure in the making would support the development of a robust mining industry in South Africa.

AngloGold Ashanti CEO Mark Cutifani...

Fraser Alexander celebrating 100 years of service to mining

South Africa’s Fraser Alexander, which has been providing customised solutions to the mining industry since 1912, this year celebrates 100 years of service to the resources sector. Fraser Alexander and his cousin Fred Alexander founded the...

Policies on way to support robust SA mining industry – AngloGold Ashanti

The CEO of South Africa’s largest gold-mining company expressed confidence on Thursday that a new policy structure in the making would support the development of a robust mining industry in South Africa. AngloGold Ashanti CEO Mark Cutifani...

Company Announcement: AngloGold First Quarter Earnings Double To $429m, approves $1.9bn Growth Projects

AngloGold Ashanti posted first-quarter adjusted headline earnings of $429m, more than double the same period a year earlier, and approved the development of three growth projects.

Kinross profit drops 58%, Mauritania mine underperforming

Canada’s third-largest gold miner Kinross Gold on Tuesday reported a 58% year-on-year drop in net first-quarter earnings to $105.7-million, or 9c a share, as a result of one-off tax costs. A $110.3-million remeasurement of deferred tax...

Azimuth to start trading on TSX

The Toronto Stock Exchange has approved junior gold and uranium explorer Azimuth listing on the exchange. Shares were expected to start trading on the TSX on May 10.

Sun Metals maintains zinc output even as supplier fails

Australia's Sun Metals Corp, a subsidiary of Korea Zinc Co, made arrangements to maintain deliveries of zinc concentrate after the collapse of key supplier Kagara Ltd and said its output target was still achievable. Kagara, which is contracted to...

Global steel consumption growth to slow in 2012

The World Steel Association (worldsteel) is forecasting global steel consumption growth to slow to 3.6% in 2012, from 5.6% in 2011, as China enters a less steel-intensive growth phase and eurozone debt crisis uncertainties continue to persist....

Iamgold to buy Trelawney Mining for C$608m

Canadian miner Iamgold Corp said Friday it will buy gold exploration company Trelawney Mining for about C$608-million ($620-million) in cash, in a move aimed at expanding its asset base within a politically safe jurisdiction. Toronto-based...

Consultancy aiming to grow to accommodate more complex projects

Mining projects being established at remote locations need to be much larger than those operating in areas with existing infrastructure to justify capital investment in supporting infrastructure and, therefore, require higher production rates.

Kolomela project passes 18-million LTI-free hours

Engineering Consultancy Hatch reports that it has just passed 18-million lost-time injury- (LTI-) free hours at iron-ore producer Kumba Iron Ore’s Kolomela mine, in the Northern Cape, for which it is the engineering, procurement and construction...