Mining Industry News
Posted October 25th 2014 at 9:00 amDental technician repurposes laser welding machines to repair spectacles, bringing a whole new focus to his business ventures
BHP CEO defends iron ore strategy as best play in gloomy market – by Silvia Antonioli (Reuters U.S. – October 23, 2014)
Posted October 24th 2014 at 11:10 pmhttp://www.reuters.com/ LONDON – (Reuters) – BHP Billiton’s chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, defending a plan that has come under growing criticism for depressing prices. Iron ore, the biggest earner for global miner BHP Billiton, has lost about 40 percent of […]
Posted October 24th 2014 at 10:23 pmCanadian fertiliser producer Agrium Inc on Friday rose 7.46% on the NYSE after San Francisco-based activist investor ValueAct Capital Management disclosed in an SEC filing a 5.7% stake in the Canadian fertiliser giant. Starting in August, ValueAct amassed about 8.2-million shares, valued at about C$409-million.
Posted October 24th 2014 at 9:01 pmTSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, the Philippines. The shipment comprising 54 181 wet metric tonnes (wmt) of limonite ore containing 0.70% nickel and 49% iron left the port of Payong-Payong, in Agusan del Norte, on Sunday.
Coal Miners Fired in Appalachia Getting Hired in Wyoming – by Tim Loh (Bloomberg News – October 23, 2014)
Posted October 24th 2014 at 8:37 pmhttp://www.bloomberg.com/ It’s boom times in Wyoming for embattled U.S. coal companies, where the mining industry is hiring workers while shedding them in Appalachia. Alpha Natural Resources Inc. (ANR), the second-largest U.S. producer, hasn’t posted a profit in three years and is closing money-losing mines in West Virginia amid plans to increase production out West by […]
Posted October 24th 2014 at 7:34 pmThe World Gold Council (WGC) this week released the second edition of its ‘Responsible gold mining and value distribution’ report, covering 2013 data, highlighting the continuing contribution responsible gold mining could make in supporting economic development in host countries. The report was published on Thursday at the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development in Geneva.
Posted October 24th 2014 at 6:56 pm- and NYSE-listed Alamos Gold this week reported disappointing third-quarter results, citing heavy rains and lower recoveries as weighing on its flagship Mulatos operation’s performance, in Mexico. The Toronto-based miner reported that despite stacking ore containing about 51 900 oz of gold o the leach pad in the quarter ended September 30, the total output of 28 000 oz was the result of a severe rainy season, culminating with record rainfall in September.
Posted October 24th 2014 at 6:27 pmMexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones. The Calgary, Alberta-based explorer on Thursday said that the most recent round of drilling (five holes) focused on a previously untested target located in the vicinity of the old San Rafael mine workings (about 2 km east of the Morro Bay discovered gold zone at El Capitan and the high-grade silver vein system at Jesus Maria, all deposits forming part of the Peñoles project.
Posted October 24th 2014 at 6:09 pmJori International Ltd., a family-owned and operated business, has reached this pivotal point. After 22 years as president of the fast-growing logistics company, Rick Woods is ready to retire and pass control of the business to his 20-something son, Sam
Posted October 24th 2014 at 5:15 pmPublished on Oct 23, 2014 The Ring of Fire could be the single greatest economic development opportunity for Ontario in a generation. Hon. Bob Rae speaks to its potential and the importance of accessing the undertapped pool of Aboriginal talent.
Posted October 24th 2014 at 5:13 pm(Vancouver, October 23, 2014) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) is pleased to announce that Balmoral’s exploration team has been recognized, for the second consecutive year, as the “Prospectors of the Year” in the Province of Quebec. The Company was recognized this year for the discovery of the Grasset Ni-Cu-PGE […]
An Ebola Armageddon Could Trigger a Rebirth in Gold and Silver Prices: Eric Sprott Interview (The Gold Report – October 20, 2014)
Posted October 24th 2014 at 5:12 pmhttp://www.theaureport.com/ Could an infectious disease kill the monster that has been choking gold and silver prices for more than a year? On the heels of a lively Sprott Precious Metals Roundtable discussion, The Gold Report caught up with investor Eric Sprott to ask how a tragedy in Africa could impact the price of precious metals […]
Vale Coming of Age as Nickel Heavyweight as Prices Sink – by Juan Pablo Spinetto (Bloomberg News – October 23, 2014)
Posted October 24th 2014 at 2:46 pmhttp://www.bloomberg.com/ Vale SA (VALE5), whose $18 billion base-metal incursion was beset by a slew of delays and stoppages, is growing nickel output at the fastest pace in six years at a time of tumbling prices for the stainless steel ingredient. The Rio de Janeiro-based company beat analysts’ estimates to post a 16 percent jump in […]
AFRICA INVESTMENT-S.Africa platinum town, wider economy still hurting from strike – by Zandi Shabalala (Reuters India – October 24, 2014)
Posted October 24th 2014 at 2:38 pmhttp://in.reuters.com/ MARIKANA, South Africa, Oct 24 (Reuters) – Mamsi Ngobeni sat alongside the main road of the South African platinum belt town of Marikana, hunched over a table with a pile of onions, apples, loose cigarettes and tomatoes. By just after noon she had sold about 20 rand ($1.8245) worth of goods, well down from […]
Posted October 24th 2014 at 2:36 pmThe National Post is Canada’s second largest national paper. Ecuador is run by the left-wing caudillo windbag Rafael Correa, whose hero was Hugo Chavez The great eighteenth century lexicographer and wit Samuel Johnson described second marriage as the “triumph of hope over experience.” How then might one characterize the tendency of Canadian mining companies to return again […]
Posted October 24th 2014 at 2:34 pmhttp://www.mineweb.com/ MMG CEO Andrew Michelmore is very bullish on zinc, in part resulting from the impending closure of his company’s Century mine next year with nothing of comparable size to replace it. LONDON (MINEWEB) – At the tail end of a very interesting East meets West seminar put together by Bloomberg in London during LME […]
How the Fruta del Norte project is another high-risk, high-reward gamble for Lundin Group – by Peter Koven (National Post – October 23, 2014)
Posted October 24th 2014 at 2:32 pmThe National Post is Canada’s second largest national paper. If anyone was going to tackle the Fruta del Norte project, it would naturally be Lukas Lundin. The Vancouver-based mining entrepreneur has never shied away from investing in the most politically challenging parts of the world. And by getting into countries including Argentina and the Democratic Republic of […]
Posted October 24th 2014 at 12:05 pmRichards Bay Coal Terminal (RBCT), the largest in the world, has stopped publishing monthly operational updates detailing shipments of coal because it is ‘competitive information’, its chief executive said on […]
Posted October 24th 2014 at 10:11 amThe announcement of a joint agreement between the Industrial Development Corporation (IDC) and Hebei Iron and Steel Group to open a steel mill in Phalaborwa could signal a new stage […]
Posted October 24th 2014 at 9:19 amTango Gold Mines has closed the acquisition of 51% interest in four private South African companies together referred to as African Star. The four companies hold interests in four toll […]