The miner has delayed the first shipment from its Marampa iron ore mine in Sierra Leone to January to allow it to use larger supramax sized vessels instead of handymax sized vessels.
Miners, and gold miners in particular, are increasingly being pressured to rebalance profit allocations away from massive capex programmes toward better returns for shareholders
Junior explorers may be underperforming the gold price this year but technical aspects make a number attractive targets. The Gold Report, interviews Michael Gray and Shawn Campbell of Macquarie Capital.
According to a poll of 20 hedge fund managers, economists and traders, prices of the yellow metal are unlikely to retest their highs until later into 2012 at the earliest
Miners are coming under growing pressure to boost shareholder returns and redress a balance that has seen profit from higher commodity prices ploughed into mammoth growth programmes, higher salaries and rising government taxes.
After discovering a significant deposit in the Ivory Coast, Occidental Gold, a unit of Australia's Perseus Mining said it will seek a mining licence from the West African state.
Gold prices in India have been sliding all week, falling below the crucial $531.66 per 10 grams level for the first time in six weeks in New Delhi on Friday.
While the yellow metal rallied on Friday, helped by a weaker dollar, it was not enough to outweigh the sharp pullback seen over the last four sessions.
Major mining equipment manufacturer, Atlas Copco, is broadening its range through the acquisition of mining and tunnelling equipment specialist, GIA Industri.
