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Red hardhat mining

Aquarius boosts Q4 output 3 pct, but SA volumes fell short

The world’s fourth-largest platinum miner Aquarius Platinum increased its attributable production by 3% year-on-year to 114 260 platinum group metal (PGM) ounces, but CEO Stuart Murray said on Tuesday volumes from South African operations fell short of the company’s expectations. Challenging conditions at Kroondaal, Marikana and Everest mines negatively impacted on production, but Murray said operations were now moving towards normal production.
mining weekly | July 26, 2011 | 9:04 am

Revett eyes 2018 output from delayed Montana mine

TSX- and Amex-listed Revett Minerals is targeting 2018 to start commercial production at its big Rock Creek silver/copper mine in Montana, as it finally sees light at the end of a long litigation process that delayed development.
mining weekly | July 22, 2011 | 9:10 pm
Paladin sell-off stemmed

Paladin’s uranium output climbs, lowers guidance

Paladin Energy, the ASX- and TSX-quoted uranium miner, said on Wednesday that production for the year ended June rose 32% to 5.7-million pounds, but was lower than expected because of heavy rainfall at its Namibian mine and “mechanical issues” at the Kayelekera operation in Malawi.
mining weekly | July 20, 2011 | 9:35 pm

Russia offers Germany help on rare earths

WOLFSBURG Russia is offering Germany closer cooperation on rare earths as well as gas and oil supplies, a Russian official said on Monday ahead of an annual bilateral summit in Germany. Berlin has been trying to improve German industry's access to the
mining weekly | July 18, 2011 | 12:46 pm

Gold rises above $1 600/oz as debt fears simmer

LONDON Gold prices rallied to record highs above $1 600 an ounce in Europe on Monday as investors spooked by the euro zone debt crisis and the threat of a US default bought into the metal as a haven from risk. Spot gold rose as high as $1 601.80 an ounce
mining weekly | July 18, 2011 | 12:33 pm

Metmar boosts stake in Eastern Belt Chrome to 80 pct

JOHANNESBURG (miningweekly.com) Commodities trader Metmar has entered into R61.4-million transaction to buy a further 60% of Eastern Belt Chrome Mines, taking the its ownership to 80%, the JSE-listed company said on Monday. Metmar would settle
mining weekly | July 18, 2011 | 11:02 am

Goldminex inks $20m copper farm-in deal with Vale

PERTH (miningweekly.com) Brazilian mining giant Vale has signed a $20-million farm-in agreement with Australian listed junior Goldminex Resources over its Papua New Guinea copper assets. Under the farm-in agreement, Vale had the right to earn a 51%
mining weekly | July 18, 2011 | 8:03 am