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 […]

Mineweb | March 16, 2011 | 7:39 pm

ATO Ruling: Proposed OZ Minerals capital return not a dividend for Australian tax purposes

OZ Minerals is pleased to advise that the Australian Taxation Office (ATO) has issued a Class Ruling which advises that the proposed capital return by OZ Minerals is solely sourced from capital and so no part of the return will be treated as a dividend for Australian income tax purposes.

Mineweb | March 16, 2011 | 2:40 pm

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

Mineweb | March 16, 2011 | 1:58 pm

Rio warns on metals prices in the short to medium term

Global miner Rio Tinto warned that metals demand could fall in the near term and prices could be volatile in the medium term due to economic imbalances, but the long term growth outlook remained strong.

Mineweb | March 16, 2011 | 8:48 am

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.

Mineweb | March 16, 2011 | 8:35 am

Heavy rains affect Australian gold output – AngloGold Ashanti

The world’s third-largest gold miner said heavy rains in Australia have affected output at its Sunrise Dam mine.

Mineweb | March 16, 2011 | 6:35 am

Nuclear renaissance will survive despite Japanese crisis – Cameco

As Japan teeters on the brink of a disaster at its Fukushima DaiIchi nuclear power plant, Cameco chief Jerry Grandey suggests the […]

Mineweb | March 15, 2011 | 5:39 pm

Consol agrees to $5.5mn federal fine for WV coal mines pollution

U.S. coal miner Consol Energy has agreed to a hefty $5.5 million fine and $200 million in pollution control to reduce mining […]

Mineweb | March 15, 2011 | 5:37 pm

South Africa’s gold output continues to fall

South Africa’s gold production fell 6.4 percent in 2010, an industry body said on Monday, moving the country further away from its […]

Mineweb | March 15, 2011 | 5:59 am

Finland to pass new mining law on Tuesday; miners critical

Miners are worried that the new mining law, which is expected to be passed by Finland’s parliament on Tuesday, could increase bureaucracy […]

Mineweb | March 15, 2011 | 5:56 am

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.

Mineweb | March 15, 2011 | 5:46 am

Fukushima crisis creates big fallout in Australian uranium stocks

Australian uranium counters took a substantial hit on Monday in the wake of the crisis at the Fukushima nuclear power plant in […]

Mineweb | March 14, 2011 | 5:17 pm

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