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Yamana Gold earnings beat expectations, eyes asset sales

Yamana Gold reported higher-than-expected second-quarter earnings on Wednesday, helped by higher production and lower costs. Yamana CEO Peter Marrone said in a statement the miner would look at "strategic alternatives" for operations that are...
31st July 2014

Canadian miner Agnico Eagle turns profit, boosts production forecast

Meadowbank, Nunavut Canadian gold producer Agnico Eagle Mines reported a second-quarter profit on Wednesday compared with a loss a year earlier, as gold production jumped and costs improved. The miner boosted its gold production forecast for 2014 by 13%, to...
31st July 2014

Centerra sure of security of tenure as Kyrgyz negotiations drag on

Kumtor, Kyrgyz Republic Canadian gold producer Centerra Gold is confident that the right to own and operate its flagship Kumtor gold mine, in the Kyrgyz Republic, is secured by acts of law, as the company forges ahead in ironing-out issues in 18-month-long negotiations...
30th July 2014

Rio and Panoramic consolidate Thunder Bay PGM exploration efforts

ASX-listed Panoramic Resources has signed a consolidation agreement with the Canadian exploration arm of mining major Rio Tinto over platinum-group metal (PGM) assets, in Ontario, Canada. The consolidation would include Panoramic’s Thunder Bay...
30th July 2014

LNG raises A$38.6m for Bear Head acquisition

ASX-listed Liquefied Natural Gas (LNG) on Wednesday announced that it would raise A$38.6-million to fund the acquisition and development of the Bear Head LNG project, in Canada. Earlier this week, LNG announced that it would spend $11-million to...
30th July 2014

Gold, diamonds feed Central African religious violence

Three young rebels, their AK47s propped against wooden stools in the afternoon heat, guard the entrance to the giant Ndassima gold mine carved deep into a forested hilltop in Central African Republic. Sat in a thatched shack at the edge of a muddy...
29th July 2014

Despite tough market, Paladin sales beat expectations

ASX- and TSX-listed uranium producer Paladin Energy on Monday reported strong full-year 2014 and fourth-quarter output, meeting its guidance. Paladin, which produces yellowcake from operations in Africa, reported combined output of 7.94-million...
28th July 2014

LNG buys Canada project from Anadarko subsidiary

ASX-listed Liquefied Natural Gas (LNG) would spend $11-million to acquire the Bear Head LNG project, in Canada, from a subsidiary of Anadarko Petroleum Corporation. The Bear Head project includes 225 acres comprising industrial-zoned land and...
28th July 2014

Major Drilling expands services underground

Canadian drilling equipment and services provider Major Drilling this week announced its entry into the underground percussive/long-hole drilling sector with an agreement to buy Taurus Drilling Services for C$27.7-million. The Moncton, New...
25th July 2014

Anglo CEO backs Ramaphosa’s strike ballot comments

The introduction of a strike ballot process as suggested by Deputy President Cyril Ramaphosa would be a great step forward for industrial relations in South Africa, Anglo American CEO Mark Cutifani said on Friday. Cutifani was responding to a...
25th July 2014

Brazil miner Vale posts record Q2 iron-ore production

Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. Vale's preferred shares,...
25th July 2014

Albany potash project, Canada Restricted

The Albany project is a Tier 1 discovery, with encouraging potash grades and thickness.
25th July 2014
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