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South America
 
GOLD

Peru's gold output seen flat or falling again this year

0 COMMENTS
Gold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said. Gold output will fall by at least 4%...
18th April 2014
 
 
URANIUM

Macusani Yellowcake to acquire Azincourt’s neighbouring Peruvian properties

0 COMMENTS
Peru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani...
17th April 2014
 
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

0 COMMENTS
China has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
IRON-ORE

Brazil's Vale says China pessimism not justified - CEO

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Vale is not concerned about an economic slowdown in China, the mining company's top iron-ore market, because Chinese steel output is setting records, CEO Murilo Ferreia told Reuters on Wednesday. China's economic indicators remain strong,...
16th April 2014
 
 
LEGISLATIVE ENVIRONMENT

Campaign under way to pay unclaimed R5bn to 200 000 ex-mineworkers Video Available

0 COMMENTS
Teba CEO Graham Herbert (right) and Martin Creamer JOHANNESBURG (miningweekly.com) – A campaign is under way in the mining industry to find more than 200 000 former mineworkers who are owed at least R5-billion in unpaid provident fund, occupational disease and service-award claims. Disabled or...
16th April 2014
 
 
DIVERSIFIED MINER

BHP hikes iron-ore, met coal production forecasts

0 COMMENTS
Diversified major BHP Billiton has reported record production for four of its commodities, at ten operations, during the nine months ended March, and increased its full-year iron-ore and metallurgical coal production expectations. “Our...
16th April 2014
 
 
IRON-ORE

Chile iron-ore firm CAP sees $650m capex, new project in 2014

0 COMMENTS
Chilean steel and iron-ore producer CAP SA will invest $650-million this year, mostly at its Cerro Negro Norte iron-ore operation in the country's northern Atacama region, CE Fernando Reitich said on Tuesday. CAP, which forecasts iron ore sales...
16th April 2014
 
 
GOLD

GoldSource Mines on an ‘aggressive’ path to year-end production

0 COMMENTS
After the February closure of a friendly merger between Eagle Mountain Gold Corp and GoldSource Mines, GoldSource president and director Ioannis Tsitos told Mining Weekly Online that it was like two pieces of a puzzle coming together to rapidly...
15th April 2014
 
 
GOLD

Much more to come in China’s already ‘breathtaking’ gold story

0 COMMENTS
The scale, scope and speed of the development of the gold market in China to date has been “quite breathtaking” – and there is still a lot more to come, World Gold Council investor relations manager John Mulligan indicated on Tuesday...
15th April 2014
 
 
DIVERSIFIED MINER

Rio Tinto posts strong Q1 results, ramping up Pilbara output to 290Mt/y

0 COMMENTS
Mining giant Rio Tinto has again set a new production benchmark at its iron-ore operations in the Pilbara, as it ramped up towards capacity of 290-million tonnes a year. “Rio Tinto has started the year with a series of performance records as we...
15th April 2014
 
 
GOLD

Strong demand from gold-hungry China in next 4 years – World Gold Council

0 COMMENTS
Private sector demand for gold in China is poised to increase by 25% from the current level of 1 100 t/y to at least 1 350 t/y by 2017, the World Gold Council (WGC) said on Tuesday. Last year saw China become the world’s largest gold market...
15th April 2014
 
 
OIL AND GAS

Glencore beats off rival bid to snap up Chad energy explorer

0 COMMENTS
London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company GlencoreXstrata has beaten off a rival bid to snap up oil-and-gas exploration company Caracal Energy, which is active in the landlocked Republic of Chad in...
14th April 2014
 
 
 
 
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