U3O8 Corp outlines Argentina strategy

Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer while setting up a pipeline of projects for sequential...

McEwen Mining takes a close look at growth-cost alternatives

Faced with lower gold and silver prices and challenging capital markets, miners are being forced to look closer at low-cost alternatives to grow profitability, prompting metals producer McEwen Mining to expand its existing El Gallo 1 mine, in...

Mosaic builds $2bn cash pile for share buyback

US fertiliser producer Mosaic plans to have accumulated a $2-billion cash pile by the end of May to buy back shares locked up since its split from agribusiness giant Cargill. Mosaic, the No 2 fertiliser producer in North America, also deferred...

AngloGold Ashanti to cut $500m costs, sell Navachab, suspend Mongbwalu

Gold major AngloGold Ashanti is to remove $500-million of operating costs, seek to dispose of Navachab mine before year-end and dress up another mine for a possible further asset sale this year. New AngloGold Ashanti CEO Srinivasan...

Chile Pascua-Lama construction could resume at end of 2013 - report

Construction of Barrick Gold's suspended Pascua-Lama mine project could resume at the end of the year if the company shows authorities it can turn around the troubled operation, a Chilean mining ministry official was quoted as saying on Friday....

Mining companies bound firmly by South Africa’s law

Sustainability law firm Warburton Gunn Attorneys partner Adam Gunn tells Mining Weekly that South Africa has strong environmental laws to regulate the mining industry. Currently, opencast mining is regulated in the same way as underground mining...

Sal de Vida lithium-potash brine project, Argentina

A definitive feasibility study completed on the Sal de Vida lithium-potash brine project has confirmed the potential for a low-cost, long-life operation.

Calypso Uranium shareholders agree to friendly U3O8 Corp acquisition

Canadian-based uranium project developer U3O8 Corp on Thursday received the shareholder approval from junior Calypso Uranium to proceed with its friendly all-script takeover of the company. Despite the transaction still being subject to final...

Goldcorp Q1 headline earnings drop on lower prices, higher costs

Canadian miner Goldcorp on Thursday announced first-quarter earnings declined by 37% to $253-million or $0.31 a share, compared with $404-million or $0.50 a share in the first quarter of 2012, owing to lower metals prices and sharply higher...

Yamana Gold Q1 profit sags on lower prices, higher costs

Canadian miner Yamana Gold on Tuesday reported a 40% drop in net profit as lower realised commodity prices combined with inflationary impacts on costs and lower equity earnings from the company's 12.5% interest in Xstrata Copper’s Alumbrera...

Gold miner Barrick prices $3bn debt offer

Barrick Gold said on Monday that it would issue some $3-billion in debt securities to pay down a revolving credit facility, repay principal on notes due in 2013, and for general corporate purposes. The world's largest gold miner will offer...

Vale sees iron ore in $110-$160 range on China demand

Brazil's Vale, the world's second-largest mining company, said on Thursday it considers the Chinese iron-ore market to be robust and that it will be difficult for the price of the main steelmaking ingredient to fall below $110/t. Demand for...