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IRON-ORE

Alderon clinches offtake accord with Glencore

Canadian project developer Alderon Iron Ore has clinched an off-take deal with global miner and commodities purveyor Glencore for the balance of iron-ore output that had not been allocated to offtake partner Hebei Iron & Steel Group from the Kami...
29th July 2014
 
GOLD

Alacer Gold’s Q2 adjusted profit nosedives on lower grades, sales

Turkey-focused gold producer Alacer Gold on Tuesday reported a 57% year-on-year drop in headline earnings for the three months ended June 30, as lower grades at its 80%-owned Çöpler mine resulted in lower sales. Excluding special items,...
29th July 2014
 
PROXY CONTEST

Cliffs stock rallies as initial results show Casblanca’s 6 take board control

The NYSE-listed stock of US coal and iron-ore producer Cliffs Natural Resources just after noon on Tuesday spiked by as much as $1.12 a share after preliminary indications showed that shareholders had voted all six of dissident shareholder...
29th July 2014
 
COAL

Arch Coal widens Q2 loss, beats expectations

US coal producer Arch Coal on Tuesday reported a narrower-than-expected second-quarter loss, despite the loss for the period being 34% wider than in the same period last year. The St Louis, Missouri-based miner that produces both...
29th July 2014
 
ENERGY

Consol Energy widens Q2 loss as special items hurt bottom line

The NYSE-listed stock of US fossil fuels producer Consol Energy on Tuesday morning lost as much as $0.62 apiece after reporting that its second-quarter loss nearly doubled as a result of once-off charges related to retiring some of its debt...
29th July 2014
 
ENVIRONMENT

Romarco expects final record of decision in November

President and CEO Diane Garrett Project developer Romarco Minerals on Monday said, following the posting of the final environmental-impact statement for the Haile gold project, in South Carolina, on the US Army Corps of Engineers website on Thursday, that the Corps had informed...
29th July 2014
 
URANIUM

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
 
PROJECT DEVELOPMENT

Troy Resources to fast-track production at openpit-only Guyana project

ASX- and TSX-listed Gold producer Troy Resources on Monday reported positive results from an updated prefeasibility study considering only an openpit mining scenario for its Smarts and Hicks deposits at its 100%-owned Karouni project, in Guyana,...
28th July 2014
 
PROJECT DEVELOPMENT

Ivanhoe starts Kamoa construction

Africa-focused project developer Ivanhoe Mines last week said it had started construction on the box cut for the initial portal to planned decline ramps that will provide underground access to the proposed Kamoa copper mine, in the Democratic...
28th July 2014
 
DRILLING SERVICES

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
 
PROJECT FINANCING

Osisko Gold Royalties buys into NioGold for C$4.9m

The TSX-V-listed stock of junior exploration firm NioGold Mining on Friday soared by as much as two-thirds after announcing a C$4.9-million private-placement financing with Osisko Gold Royalties. Vancouver-based NioGold said Osisko would buy...
25th July 2014
 
COMPANY REORGANISATION

Veris Gold granted provisional relief in the US

Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code. As of  Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors Arrangement Act (CCAA) and, as a result,...
25th July 2014
 
 
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