May 23, 2011

Chile to halt financing of military spending with copper exports

The Santiago Times reported that Sebastián Pinera, president of Chile, signed a bill which if approved by Congress, would eliminate a substantial source of revenue for Chile’s armed forces and…

May 20, 2011

Pan Pacific, BHP agree 29% jump in copper TC/RC costs

Pan Pacific Copper Co, Japan's top smelter, said on Friday it and BHP had agreed to a 29 percent rise in copper treatment and refining fees for ores to be…

May 20, 2011

BHP’s treatment, refining costs with large Chinese smelters rise 25%

Large copper smelters in China settled term treatment and refining charges with global miner BHP Billiton Ltd at $90 per tonne and 9 cents per pound respectively for delivery in…

May 18, 2011

Rio Tinto raises $2bn in US bond issue

Global mining company Rio Tinto has raised a total of $2 billion bonds in long-term debt bonds, it said on Wednesday. The offer, registered in the U.S. Securities Exchange Commission,…

May 17, 2011

Barrick receives investment Canada clearance for Equinox acquisition

Barrick Gold announced today that it has received confirmation that the Investment Canada Act does not apply to Barrick's proposed acquisition of all of the issued and outstanding common shares…

May 16, 2011

Red flags everywhere

Red flags are flying everywhere as we travel farther into the “sell in May and go away” period of the year.” We remain in a defensive posture and continue to…

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 12, 2011

Market Sentiment Reaching Extreme Levels for Gold & SP500

This week we are seeing fear across the board from traders and investors as they dump their long positions is stocks and commodities. Just in the past two trading sessions…

May 12, 2011

Awards from BHP Billiton for execution of the Iron Ore Expansion Program in WA

The Fluor SKM Joint Venture (FAST JV) has received new awards from BHP Billiton to execute the company’s Iron Ore Expansion Program […]

May 12, 2011

Wabtec signs $21 million contract to provide ECP braking equipment to Rio Tinto in Australia

Wabtec Corporation (NYSE: WAB) has signed a $21 million contract with Rio Tinto, a leading international mining company, to provide electronically controlled […]