It’s crunch time for UK Coal as it heads for big restructuring
The very survival of Britain?s coal mining industry depends on the success of a massive restructuring of UK Coal, which is to be announced in the next fortnight.
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Gold miners should reconsider hedging – GFMS
For metals consultancy Thomson Reuters GFMS’s Paul Walker, looking to hedge from a position of strength would serve miners well when prices do eventually fall.
Goldcorp planning to step up information flow in view of public concerns over open pit
Hollinger pit project moving forward yet many Timmins people seem unaware.
Gold tumbles late Friday
Gold futures trading on the Comex division of the New York Mercantile Exchange experienced an after-hours selloff on Friday with prices tumbling $20 in a flurry of end-of week liquidation.
Ivanhoe staggers as Ouy Tolgoi costs balloon to $13 billion
Ivanhoe and Rio Tinto not only have to deal with higher projected mining and processing costs at the mega-mine but also development delays and most worryingly, lower ore grades.
Processing plant to cost $302 million- 1/3 of Avalon’s rare earth project capex
Avalon Rare Metals, whose Nechalacho rare earth prospect in Canada's Northwest Territories is in the midst of a feasibility study, today announced the results of a separate prefeasibility study for the separation plant, to be built in Louisiana.
Coal takes a beating after China’s GDP numbers disappoint
China, the world's biggest consumer of coal, said that the gross domestic product came in at 8.1% in the first quarter, the lowest figure in three years.
Long-rumoured takeover target Harmony Gold cheapest in a year
Harmony Gold briefly dropped to a year low of $9.68 on Friday after the company announced a steep fall-off in output for the first quarter. Now worth $4.4 billion the counter is down a third in a year, but its Papua New Guinea project may be worth that by itself.
Chinese steel company to pump $194 million into Alderon’s Kami iron ore project
Alderon Iron Ore Corp saw a 2% bump in its stock price Friday on news that the Canadian iron ore junior has inked a CAD$194 agreement with China's largest steel producer.