Posts by Reuters:

Sudan to produce 7 tonnes of gold in 2011 to make up for lost oil from south

Reuters reports Sudan said on Sunday it expects its mining industry to produce around 7 tonnes of gold in 2011 and it plans to launch a gold refinery next year to improve the quality of its much extensive larger small-entrepreneur output. Sudan is trying to boost output of gold and other minerals to compensate for the loss of much of its oil production of 500,000 barrels a day when South Sudan became independent in July.

Shanduka seeks higher stake in coal

South Africa's Shanduka Group said on Friday it wants to increase its stake in a coal venture it operates with global trader Glencore, although it would not confirm what that stake would be.

Avion Q3 gold output misses own view, cuts 2011 outlook

n"Oct 7 (Reuters) - Avion Gold Corp said third-quarter production at its mines in Mali, West Africa was below expectations, as technical difficulties and heavy rains led to lower grade ore recovery. The West Africa-focused company, which holds 80 ...

Half of Rio’s Rossing Namibia workers strike -union

Around half of Rio Tinto's Rossing Uranium workers are taking part in a strike that is hitting production at its mine in Namibia, the union involved said on Saturday, also countering company claims that some of the mine was still working.

Coal shares fall as Alpha, Walter cut outlooks

Coal miner Alpha Natural Resources Inc (ANR.N) cut its 2011 shipment forecast, citing reduced demand from the key Asian steel market among other things, sending its shares down 10 percent and dragging down the whole sector. The news came as another major coal producer, Walter Energy (WLT.N) (WLT.TO), lowered its sales forecast for the second half of this year, because of weather and problems at some of its mines. Walter's stock dropped 10.1 percent to $67.42 and Alpha shares were down 12.1 percent at $23.65 on Wednesday afternoon on the New York Stock Exchange. Arch Coal (ACI.N) shares were down 8.8 percent at $16.44 and Peabody Energy (BTU.N) stock was down 4.6 percent at $40.91.

Copper gains, EU finance ministers’ meeting eyed

Copper rose on Friday, building on strength gained from the previous session after a funding plan for banks allayed fears over Europe's festering debt crisis, but the region's financial problems were expected to keep weighing on prices.