Grupo Mexico profit jumps 35% on higher production
Major copper producer Grupo Mexico reported a 35% jump in first-quarter profit, helped in part by higher mine production numbers.
Latest Stories
Report: Mongolia going the way of Zimbabwe with mandatory state control of foreign miners
Draft legislation, a copy of which was seen by the Financial Times on Wednesday, gave "the clearest sign yet that Mongolia is uncomfortable with the large foreign investments that have so far been a mainstay of economic growth."
Strike and lower copper price hurt First Quantum production
A lower copper price and a strike at its Kansanshi mine in Zambia has bit into the bottom line at Africa-focused base metals producer First Quantum Minerals.
Scientists trying to breathe new life into Europe’s dying metals mines
EuroNews reports on a trend becoming more common in European metal mines: the high cost of extraction amid depleted resources.
Orko Silver slips 11% despite release of engineering study
Releasing the results of a new engineering study failed to move the markets in a positive direction today for Orko Silver (TSX-V:OK), although the resource-heavy Toronto exchanges were also in the red.
Colombia to spend nearly $1.3 billion in coal-related ports expansions
Colombia’s leading coal producers are increasing investments dramatically to improve and expand their ports, in what is considered a key move for rising coal production in the country to 120 million tons within by 2014.
Brazilian Gold gives long-suffering investors something to smile about
Brazilian Gold Corporation jumped 13.5% on Wednesday on three times usual trading volumes, after announcing positive metallurgical test work at its São Jorge deposit in northern Brazil.
Sienna’s winning streak halted by new Peru drill results
Even after today's heavy losses it is still showing gains for the year of 86%.
Sandvik awarded another major order for Mining Systems
Sandvik Mining has signed a major Mining Systems contract with a customer in Asia.
