Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced.
The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change [...]
Newmont Mining Corp., the world’s second-biggest gold producer, said profit plunged 67 percent in the first quarter as slumping output and higher mining costs erased the benefits of a price rally.
Net income fell to $68 million, or 15 cents a share, from $209 million, or 47 cents, a year earlier, Denver-based Newmont said today [...]
Andean American Mining Corp. announced that it has retained the services of CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary, Canada’s longest established and one of its most respected IR firms.
John Huguet, Chairman and CEO, commented: “We are committed to proactively increasing and improving investor awareness of Andean American, in particular its [...]
New Jersey Mining Company announces it will commence a feasibility study for a 5,000 tonnes per day flotation mill in the Murray, Idaho area. The study will investigate the economics of a central mill processing copper-silver ore from the Niagara deposit and gold ore from the Golden Chest mine, and possibly other sources. Currently, the [...]
Thousands of workers at a huge U.S.-owned copper and gold mine are on a sit-down strike demanding a greater role in management, which they say is discriminating against tribespeople in remote Papua province.
Freeport-McMoRan Copper & Gold Inc., based in Phoenix, has been plagued for years by allegations of human-rights abuses and environmental damage at its [...]
Anglo American Plc, the world’s second-largest mining company, will pay $1.15 billion for 49 percent of the Brazilian iron-ore project MMX Minas-Rio, the first acquisition by Chief Executive Officer Cynthia Carroll.
Anglo will buy the stake from MMX Mineracao e Metalicos SA, controlled by Brazilian billionaire Eike Batista, and Centennial Asset Mining Fund LLC, the [...]
Arian Silver Corporation is pleased to announce the start of a 3,000 metre diamond drilling programme at the Tepal property, Michoacan state, Mexico.
The project was previously explored in the 1970’s and the early 1990’s by a number of companies including International Nickel Company of Canada Ltd (INCO), Teck Resources Inc (Teck) and Minera Hecla [...]
Copper ticked down in the early stages of U.S. trading Monday, giving back some of the gains that took place during the previous session. The move kept the metal in a trading range near a high set early last week.
Adriana Resources Inc. announces the commencement of the diamond drilling program on the Company’s wholly owned MIE Project on the McGregor Lake Property in Nunavut, Canada.
Major Drilling Group International Inc. (”Major”) has commenced the 2,000 meter drill program, which is estimated to cost $2 million and includes borehole pulse electromagnetic (”BHPEM”) surveys, a surface gravity [...]
Rio Tinto has posted a 12 per cent increase in first quarter iron ore production but mined copper production fell three per cent from the same time period year.
Australia’s second biggest miner attributed the rise in its share of iron ore production to 32.245 million tonnes to its $US5 billion ($A5.97 billion) iron expansion program [...]
