Posts by Mineweb:

PGM demand falls on Japan crisis

With some of the world’s top auto makers forced to stop vehicle production because of the nuclear crisis in the country, demand […]

Kirkland Lake profits hurt by higher expenses, lower production

Gold miner Kirkland Lake posted a quarterly profit that trailed estimates, hurt by higher expenses and lower-than-expected production, and cut its full-year production view. The company lowered its fiscal 2011 production view to 80,000-85,000 ounces of gold from 90,000-100,000 ounces. Photo

No plans for force majeure – Sumitomo

Sumitomo Metal Industries Ltd Japan's third-biggest steelmaker, said it had no plan to declare force majeure on input deliveries. The company has suspended operations of the two giant blast furnaces at its mainstay Kashima plant in Ibaraki prefecture after the quake and tsunami.

Uranium stocks take a thrashing

While the jury remains out on exactly what went wrong at certain tsunami-and earthquake-impacted nuclear power reactors in Japan, investors took decisive action on Monday, selling down listed uranium stocks by up to a third. Smaller stocks were especially punished. During Australian trade, Pitchstone Exploration was sold down by 32% on the day. The world's biggest listed uranium producer, Canada's Cameco, fell 12.7% to close at $31.70.