Paladin’s Malawi mine still not at full production after strike

Full production at ASX- and TSX-listed Paladin Energy’s Kayelekera uranium mine in Malawi eluded the company’s grasp as workers continued to strike, it said on Thursday.

Mining Weekly | May 17, 2012 | 6:21 pm

Trans Hex to return to profit as production grows

Diamond miner Trans Hex said on Tuesday it expected a net profit of about R208-million for the twelve months ended March, compared with a loss of R45.1-million the previous year.

Mining Weekly | May 15, 2012 | 7:01 pm

Mali gold mine resuming operations after political strife

A few weeks after explorer Pearl Gold officially inaugurated its Kodieran gold mine, in Mali, a delegation comprising the company’s management and supervisory board visited the project to inspect the effect of recent political unrest in the country on operations.

Mining Weekly | May 3, 2012 | 10:10 pm

NovaGold shareholders OK copper spin-out

TSX-listed NovaGold shareholders on Wednesday gave a big thumbs up to the spinout of NovaCopper, with less than 1% of them voting against the deal at a meeting in Vancouver.

Mining Weekly | March 30, 2012 | 5:36 pm

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them.

Mining Weekly | March 28, 2012 | 5:38 pm

Tasman’s PEA gives Norra Karr a $1.46bn value

Vancouver-based Tasman Metals on Wednesday published the results of a scoping study at its Norra Karr rare earths project in southern Sweden, sketching out a mine that would cost $290-million to build, and have a $1.46-billion net present value.

Mining Weekly | March 22, 2012 | 6:38 pm

Alacer posts $75m profit for 2011

TSX- and ASX-listed Alacer Gold, the company formed out of the merger of Anatolia Minerals and Avoca Resources early last year, said it made $75-million in net profit in 2011, having produced a revised guidance-beating 411 933 oz of gold.

Mining Weekly | March 22, 2012 | 6:34 pm

Nevsun posts $78m profit for Dec quarter

Nevsun Resources, which owns the Bisha gold mine in Eritrea, made $78.3-million in net after-tax earnings in the last three months of 2011, about 12% lower than the previous quarter’s profit, as output and prices shrunk.

Mining Weekly | March 22, 2012 | 6:32 pm

Impairments lead to $105.4m Q4 loss for Franco-Nevada

Franco-Nevada Corporation, the biggest gold royalty and streaming company, swung $105.4-million into the red for the fourth quarter, after the Toronto-based firm suffered $169.9-million in impairment charges.

Mining Weekly | March 22, 2012 | 6:29 pm

Noront triples chromite resource in Ring of Fire

Toronto-based Noront Resources said on Tuesday it increased the size of the measured and indicated chromite resources at the Blackbird project in northern Ontario 130% to 20.5-million tons.

Mining Weekly | March 21, 2012 | 5:27 pm

India working on mining tax

An Indian government task force comprising representatives of steel, mines, forest and environment ministries was working on modalities for levy of a Forest Development Tax (FDT) on minerals mined from forested regions.

Mining Weekly | March 20, 2012 | 5:04 am

Rockwell restructures BEE deal, acquires new mine

TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic-empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal.

Mining Weekly | March 19, 2012 | 7:27 pm

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