Archive for January, 2007
Wednesday, January 31st, 2007
Harmony Gold Mining Co. Ltd. (HMY), the world's fifth largest producer of gold, is likely to see marginally lower volumes in the third quarter but improved ore grades compared with the previous three months, Chief Executive Bernard Swanepoel said Friday.
"The drop off (in production) this quarter will be smaller," Swanepoel ...
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Sunday, January 28th, 2007
LSE and Nasdaq-listed gold miner, Randgold Resources [Nasdaq:GOLD; LSE:RRS], on Monday reported a 54% increase in profit before tax to $74 million for the year ended December 2006, fuelled by the first full-year contribution from its Loulo operation in Mali and a higher gold price.
Net profit was up 6% at ...
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Saturday, January 27th, 2007
LionOre Mining International Monday announces positive results from the Selkirk pre-feasibility study (PFS), which confirm the deposit can be economically exploited to produce around 20,000 tonnes of payable nickel and a similar amount of copper per year for 13 years.
LionOre will proceed with a full Bankable Feasibility Study (BFS), which ...
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Friday, January 26th, 2007
Federal antitrust authorities have approved Nucor Corp.'s purchase of Harris Steel Group Inc. of Canada.
The Reuters news agency reports Justice Department officials have completed their review of the $1.07 billion deal without taking action.
Nucor Chief Executive Dan DiMicco has said Harris Steel (Toronto:HSG) will broaden the company's geographical reach and ...
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Thursday, January 25th, 2007
The Canadian-owned Rosebel gold mine in Suriname has been temporarily shut down after striking workers allegedly flooded part of the plant, welded shut some gates and doors, and damaged 17 all-terrain vehicles, a company official said Thursday.
A number of workers began the strike one week ago at the mine, located ...
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Thursday, January 25th, 2007
The Canadian-owned Rosebel gold mine in Suriname has been temporarily shut down after striking workers allegedly flooded part of the plant, welded shut some gates and doors, and damaged 17 all-terrain vehicles, a company official said Thursday.
A number of workers began the strike one week ago at the mine, located ...
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Tuesday, January 23rd, 2007
The Board of Directors of Arcelor Mittal (Mittal Steel Company N.V.) has declared an interim dividend of US$ 0.325 per share. The cash dividend will be payable on 15 March 2007 to Euronext Amsterdam, Euronext Brussels, Euronext Paris, Luxembourg Stock Exchange and Spanish Exchanges shareholders ("European Shareholders") of record on ...
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Monday, January 22nd, 2007
Silver could post a high of $18/oz in 2007, the Switzerland-based MKS Finance have forecast, noting that it would average $13.75/oz with a low pegged at $12/oz.
Having successfully attracted speculative funds to the market in 2006, seeing brighter prospects with the launch of an exchange traded fund, MKS expect silver ...
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Monday, January 22nd, 2007
Dynatec Corp said it has reached an agreement in principle with lenders to borrow at least US$1.7 billion to help develop its 45%-owned Ambatovy nickel-cobalt project in Madagascar with the help of a syndicate of leading development banks.
In a statement issued today, Dynatec said it had agreed the deal with ...
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Monday, January 22nd, 2007
The Allegiance Mining company is planning a second mine on Tasmania's west coast.
The open cut nickel and copper mine would be north of Zeehan at Melba Flats, near the Avebury nickel mine which is due to go into production this year.
Allegiance has applied for a mining licence and will increase ...
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