February 9, 2012

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.

February 8, 2012

Ivanplats says DRC copper project Africa’s largest

Ivanplats CEO Robert Friedland said on Wednesday his company was developing Africa’s largest copper project in the Democratic Republic of Congo (DRC).

February 8, 2012

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…

February 8, 2012

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…

February 8, 2012

Zambia mull policy to compel mining firms list on stock market

The Zambian government says it plans to put in place a policy that will compel mining firms to list on the local bourse to enhance citizens' participation in the country's…

February 8, 2012

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…

February 8, 2012

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.

February 7, 2012

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…

February 7, 2012

Gunmen kill Indonesian police officer near Freeport-McMoRan’s gold, copper mine

Unidentified gunmen have killed a police officer near the U.S. company Freeport-McMoRan’s gold and copper mine in eastern Indonesia.

February 7, 2012

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…