MINING.COM

Teck Resources profit lifted by soaring coal prices

Canadian miner giant Teck Resources (TSX:TCK.B) reported Thursday a record annual profit of $2.7 billion, up by half from 2010, fuelled mainly by higher coal prices.

Cecilia Jamasmie | February 9, 2012 | 2:08 pm

Newmont could redirect Conga billions to Ghana if delays continue

Newmont Mining, world number two gold producer, said on Wednesday it has options to spend its capital elsewhere to meet production targets if its $4.8 billion Conga project in Peru does not restart.

Frik Els | February 8, 2012 | 10:31 pm

Codelco forced to disclose Mitsui loan contract

A Chilean civil court ordered world's largest copper producer Codelco to publish the agreement for a financing deal of up $6.75 billion with Japan's Mitsui & Co. (TYO:8031), reports the online version of local newspaper El Mercurio.

Cecilia Jamasmie | February 8, 2012 | 6:00 pm

One killed and dozens injured during escalating Panama mining protests

An indigenous Ngöbe-Buglé teenager was killed and 40 people were injured in connection with a police crackdown on dissent over mining and hydroelectric developments in Panama, where Canadian mining companies have a large presence.

Cecilia Jamasmie | February 8, 2012 | 3:18 pm

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.

Andrew Topf | February 8, 2012 | 12:21 am

Nevsun shares plunge 30% after slashing 2012 guidance

Shares in Nevun Resources Ltd. fell off the cliff this morning after the company issued a press release saying its 2012 production estimate from its Bisha copper-gold mine in Eritrea is half of what the mine produced in 2011.

Andrew Topf | February 7, 2012 | 8:25 pm

Xstrata and Glencore to close $90bn merger

After months of speculations and secret negotiations, Xstrata PLC (LON:XTA) and Glencore International PLC (LON:GLEN) have formally announced an all-share merger that would create a $90bn giant named "Glencore Xstrata International PLC."

Cecilia Jamasmie | February 7, 2012 | 1:44 pm

Hellenic Copper utilising Hitachi fleet in Cyprus

Two large Hitachi excavators are bringing advanced technology to an ancient copper mine in Cyprus. The ZX870LCR-3 and ZX470LCH-3 have been working at the site, which dates back more than 4,000 years, since early 2011. Cyprus was the main source for the...

International Mining | February 7, 2012 | 6:01 am

EMED Mining jumps 15% as Chinese company backs Rio Tinto mine restart with $30 million financing

EMED Mining (LON:EMED) climbed 14.88% today on news that the company has reached a $30 million funding arrangement with a new Chinese offtake partner respecting its Rio Tinto copper mine in Spain.

Andrew Topf | February 6, 2012 | 10:03 pm

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KGHM CEO sees copper price at around $6,000 this year

Freeport swings to quarterly loss as copper, gold output drops

Antofagasta’s copper output climbs on better grades

Revelo sells three properties in Chile to fellow Canadian miner

LME readies rule that would reveal private metal stockpiles

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