February 14, 2012

Zinc Glut Expanding to Almost Two-Decade High Threatens Rally

The largest glut of zinc in almost two decades is threatening to curtail a rally in prices as record production expands inventories to the highest since at least 1984.

February 14, 2012

Teck buy-in rumour has Fortescue shares jumping 5%

Fortescue Metals was up 5% Monday on rumours that Canadian coal and copper/zinc miner Teck Resources is making a play for the third-largest iron ore producer in Australia.

February 13, 2012

Chinese company invests in Canadian Zinc

Canadian Zinc Corp., the company developing a new zinc mine in the Northwest Territories, announced a major share purchase by a Chinese investor today.

February 12, 2012

Glencore-Xstrata deal terms ‘must be revisited’

TORONTO: Fidelity Worldwide Investment said that while it supports Glencore International plc's STG23.8 billion (RM112.5 billion) takeover bid for Xstrata plc "in principle," the terms of the deal "need to…

February 12, 2012

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said…

February 10, 2012

Inmet fourth-quarter profit slumps by a third

Canadian copper-zinc producer Inmet Mining earned a third less profit in the fourth quarter than the same period a year ago.

February 9, 2012

Teck Resources profit lifted by soaring coal prices

Canadian miner giant Teck Resources (TSX:TCK.B) reported Thursday a record annual profit of $2.7 billion, up by half from 2010, fuelled mainly by higher coal prices.

February 8, 2012

Silvercorp reports revenue of $61.9 million and operating cash flow of $31.6 million in the 3rd quarter of fiscal 2012

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 ("Q3 2012"). The following financial results…

February 8, 2012

Vena’s Partner Trafigura Invests US$7 Million to Move Azulcocha Zinc Mine to Production

Vena Resources Inc. (TSX:VEM)(LMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that it has enhanced its agreement with Trafigura Beheer…

February 3, 2012

“Glenstrata” could flex muscles in iron ore

The $80 billion proposed merger of commodities trader Glencore and Swiss-based miner Xstrata could lead to a fresh round of acquisitions in iron ore, Reuters is reporting today.