mining news

Gerdau Ameristeel First-Quarter Profit Rises to $163 Million From Year Ago

Gerdau Ameristeel Corp. , the U.S. unit of Brazilian steelmaker Gerdau SA, said first-quarter net income rose to $163 million from $133.5 million a year earlier.

Deripaska Weighing Udokan Bid

Daniel Major, head of the resources division of Deripaska's Basic Element company, said Thursday that the firm would make a final decision next week on whether to participate in the July 17 contest for the ...

Highbank – not lookin for pot o' gold- Options Moly Prospect in the Republic of Ireland

Highbank Resources Ltd. , is pleased to announce it has entered into a Letter of Intent to acquire a 100% interest in the Murvey and Mace molybdenum Prospecting Licenses located in the County of Galway, ...

Kazakhmys Copper Producer Rejects $13.7 Billion Bid From Eurasian Natural

Kazakhmys Plc , Kazakhstan's biggest copper producer, rejected a 7.1 billion-pound offer from Eurasian Natural Resources Corp.

Esmark Sued for $540 Million

ArcelorMittal has sued Esmark Inc., the parent company of Wheeling-Pittsburgh Steel Corp., and a joint venture that was trying to buy a Maryland steel plant for $540 million, alleging breach of contract.

Fertilizer stocks may see growth stunted

Today's closely watched U.S. government report on global agriculture could dump a little cooling rain on overheated fertilizer stocks, as analysts see a risk that plantings of fertilizer-intensive corn crops ...

Stillwater Mining Company: Stillwater Mining Reports First Quarter 2008 Profit

Stillwater Mining Company today reported net income for the first quarter 2008 of $3.2 million, or $0.03 per diluted share, on revenue of $173.0 million.

Timminco Limited: Timminco Reports First Quarter 2008 Results

Timminco Limited today announced its financial results for the first quarter ended March 31, 2008.

Louvem Mines Reports its 2008 First Quarter Results

Louvem Mines Inc. , announces today its financial results for the first quarter, which ended March 31, 2008.

Diamond fundamentals strong despite U.S. weakness

Diamond prices have remained very firm in recent months, even though the biggest diamond jewellery market is struggling.

Gold Reserve Inc. says permit rescinded for Venezuela mine

Mining company Gold Reserve Inc. says its permit to develop a gold and copper deposit in Venezuela's biologically diverse Imataca Forest has been formally rescinded.

Pilbara upstarts are shown the way

Fortescue has done it, and others are lining up for a crack, writes Jamie Freed.

Higher expenses help cut Cleveland-Cliffs 1Q profit

Iron ore and coal producer Cleveland-Cliffs Inc. said Tuesday its first-quarter profit fell 49 percent as higher expenses and a one-time charge offset record revenue.

Rio Tinto suffers setback over Pilbara rail network

Rio Tinto has suffered a setback in trying to block access to its rail network by FMG .

Mana Mine Achieves Production Target

SEMAFO today announced that the Mana mine in Burkina Faso produced 4,300 ounces of gold in April, therefore achieving its production target.

Vale Inco owns safest metal mine in Canada…again

For the fourth year in a row, a Vale Inco mining operation has been recognized as the safest in Canada.