May 16, 2011 Joy Global Inc. announces the acquisition of LeTourneau Technologies Joy Global Inc. (NASDAQ:JOYG), a worldwide leader in high-productivity mining solutions, today announced that it has entered into a definitive agreement to acquire a 100 percent ownership interest in LeTourneau…
May 16, 2011 African Barrick could lose 10,000 oz gold in quarter on Buzwagi mill breakdown African Barrick Gold (ABGL.L) said a malfunction in a mill motor at its Buzwagi mine in Tanzania would hit production in the quarter, sending its shares down as much as…
May 16, 2011 ABB $10 million order to supply complete mine hoist to the Dannemora Mine in Sweden ABB, the leading power and automation technology group, recently won an order worth over $10 million from Dannemora Minerals to deliver a complete mine hoist to the newly reopened Dannemora…
May 16, 2011 Metso and Fortum’s joint development work on oxyfuel combustion technology makes headway In a joint R&D project, Metso and Fortum have developed oxyfuel combustion technology that aims to reduce the CO2 emissions of power plants. In 2010, Metso's 4-MW test plant in…
May 16, 2011 Joy Global announces acquisition of LeTourneau Technologies Joy Global Inc. (NASDAQ:JOYG), a worldwide leader in high-productivity mining solutions, today announced that it has entered into a definitive agreement to acquire a 100 percent ownership interest in LeTourneau…
May 16, 2011 Gold coin sales soar as investors move to physical Sales of gold coins are on track for the best month in a year amid the worst commodities rout since 2008, a sign that bullion's longest bull market in nine…
May 15, 2011 Osisko posts a loss; achieves its first gold pour Osisko Mining reported on Friday a loss of Can$5.3 million in the first quarter. The company said that the higher loss incurred is due to high administrative costs reflecting the…
May 15, 2011 Ivanhoe Mines: Construction of Oyu Tolgoi copper-gold-silver complex advancing toward planned start of commercial production in the first half of 2013. Overall construction of the Oyu Tolgoi Project was 15.1% complete by the end of Q1'11, slightly ahead of the planned 14.8%. Total capital invested in the project by the end…
May 14, 2011 Net gold and silver long positions cut last week Speculators in gold, silver and copper futures and options sharply cut their net long positions in the week ended May 10. Metal prices sold off during a commodities rout during…
May 13, 2011 Aurizon posts $18m profit in Q1 Aurizon Mines Ltd. notched an $18 million gross profit in the first quarter of 2011, bettering Q1 of 2010 by 43%. The Toronto-listed miner chalked up $14.5 million in cash…
Copper poised for best year since 2009 after December surge All six base metals on the LME are headed for annual gains in a year that’s seen an array of supply-side pressures. December 24, 2025 | 10:11 am
