Brazilian mining company Vale SA (VALE, VALE5.BR) halted iron ore and passenger transport for an undetermined period on a stretch of its Carajas railroad in north Brazil after an accident occurred during bridge construction work, Brazil's Radio CBN...
Peabody Energy Corp.'s (BTU) fourth-quarter earnings improved 5.9% as global sales climbed, helped by U.S. mining revenue. But shares sank 4.8% to $35.70 premarket as results missed market expectations and the company was saddled with acquisition costs. As of Monday's close, the stock was down 8.4% over the past three months.
Cockatoo Coal Ltd. (COK.AU), one of only a handful of listed Australian coal companies with producing mines, said Tuesday it has significantly grown the resource at the Hume coking coal project in New South Wales state.
I have quite a few very old silver dollars, dimes, quarters, etc., that I've been told are worth much more than their face value. Should I hold on to them in view of all the warnings that the dollar will be worthless and gold and silver will hold their value, or should I sell them?
-- Global apparent steel demand to be driven by developing economic growth and slower developed economic growth -- Chinese apparent steel demand to grow 7.5% in 2011 and 6% in 2012 -- Demand for steel in China, India, Latin America Above Pre-Crisis Lev...
A strike at Peruvian copper mining company Sociedad Minera Cerro Verde SA (CVERDEC1.VL), the country's third-biggest copper producer, is scheduled to go ahead on Thursday, a union official said.
MOSCOW -(Dow Jones)- Russian Polar miner OAO Norilsk Nickel (GMKN.RS) Wednesday said it may sell all or part of its treasury shares, representing in total a 9.23% stake in the company. Analysts said the shares may be sold to finance the buyback Norilsk
Rio Tinto PLC (RIO) plans to sell "a lot" of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters in China, Rio Tinto's U.S. Copper Chief Financial Officer said Friday at an industry event."Talks are still underway, and there's no definite plan right now," Kay Priestly told a Metal Bulletin conference in China. With the Oyu Tolgoi mine strategically located close to China where demand is high, so "it's certainly our plan to transport a lot of the products to China," Priestly added.
Chinalco Yunnan Copper Resources Ltd. (CYU.AU) said Thursday it signed an agreement to earn a stake in a copper exploration project in northern Chile with Rio Tinto PLC (RIO).
Mining company Rio Tinto PLC (RIO) Wednesday raised its ownership stake in Canada-based Ivanhoe Mines Ltd (IVN.T) by 2% to 48.5% as it sought to cement its commitment to the massive Mongolian Oyu Tolgoi copper-gold project. Rio Tinto paid C$18.98 a share and exercised its subscription right to the tune of C$529.5 million in order to increase its take in Ivanhoe Mines, the majority owner of the Oyu Tolgoi project.
JOHANNESBURG -(Dow Jones)- AngloGold Ashanti Ltd. (AU), Africa's largest producer of the precious metal, Thursday reported a fatality at its Mponeng Mine in South Africa overnight and halted some work in the area to carry out an investigation. AngloGold
Mining companies in Peru invested $2.95 billion in the first half of 2011, up 70% compared to the same period last year, the government said.
Following a 24-hour strike, operations at Chilean copper mine Dona Ines de Collahuasi returned to normal, the company and the workers' union said.
Unionized workers at Chilean copper mine Dona Ines de Collahuasi downed their tools Saturday, the sole mine union said on its Twitter page. The strike comes on the heels of a now week-long stoppage at Escondida, the world's largest copper mine, which is fueling supply concerns in the copper market and driving prices higher. While Collahuasi represents about 3% of global output, Escondida, the world's largest copper mine, accounts for 7% of annual global copper production.
Lonmin PLC (LMI.LN), the world's third largest primary platinum producer, Thursday said it expects to meet its annual platinum sales target, provided there are no work stoppages, and raised its annual unit cost guidance to reflect reduced output in previous quarters. The U.K.-listed, South African miner expects to sell 720,000 troy ounces of platinum in the financial year ending Sept. 30 and expects annual unit costs to rise 11%, up from a previously forecast 8%, due to production setbacks stemming from industrial action and six fatalities during the first six months of the financial year.