May 10, 2012

Protesters want Rio Tinto off the Olympic podium

A protest against London 2012 sponsor Rio Tinto (LON & NTSE:RIO), which has supplied the metal to make the Olympic and Paralympic medals, welcomed the company’s shareholders this morning in…

May 10, 2012

CoAL completes acquisition of Rio Tinto and Kwezi’s South African coal assets

Coal of Africa Limited, a coal exploration, development and mining company operating in South Africa has completed the acquisition of Rio Tinto and Kwezi's South African Coal Assets.

May 10, 2012

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the…

May 10, 2012

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

May 10, 2012

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with…

May 10, 2012

Fortuna reports net income of US$11.11 million on revenue of US$40.60 million in the first quarter of 2012

Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) (BVL: FVI | Frankfurt: F4S.F) is pleased to announce that it has filed its financial statements and MD&A for the three months…

May 10, 2012

Australia’s Northern Iron surges on Indian bid report

India's Aditya Birla group has submitted a non-binding bid for Australian-listed iron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19 percent…

May 10, 2012

Yanzhou Coal said in talks to buy Vale’s stake in mine

Yanzhou Coal Mining Co. (1171) is among companies in talks to buy Vale SA (VALE5)’s stake in an Australian coal mine for more than A$500 million ($503 million), said people…

May 10, 2012

Harmony Gold may boost output by 150,000 ounces next year

Harmony Gold Mining Co. (HAR), the third- largest African miner of the metal, may boost output by 150,000 ounces in the fiscal year ending June 2013 as the company starts…

May 10, 2012

West coast pipeline key to Canada’s interests, economist says

With Alberta’s Western Canadian Select crude trading at $30 a barrel less than world oil prices, Canada must build a new pipeline to the West Coast for the sake of…