Posts by Mineweb:

Uranium One’s Q3 earnings lifted by higher prices

The company, which sells most of its uranium on the spot market or on contracts tied to the spot price, posted a profit that beat analysts' estimates in the third-quarter, helped by higher realized prices.
Mineweb | November 8, 2011 | 9:37 am

China’s Zijin to buy $181mn of gold mine assets

The Chinese miner issued a statement Tuesday saying that it will acquire Long Province Resources which owns gold mine assets in the Gansu province for $181.07 million. Chinese gold and copper miner Zijin Mining Group Co Ltd said on Tuesday that it would
Mineweb | November 8, 2011 | 8:13 am

Thompson Creek posts lower Q3 profit

The molybdenum miner, posted a decline in adjusted profit in the third quarter as output fell and a non-cash foreign exchange loss hit earnings. (Reuters) - Molybdenum miner Thompson Creek Metals reported a lower adjusted profit on Monday, as production
Mineweb | November 8, 2011 | 8:13 am

Minefinders posts lower-than-expected Q3 results

The miner posted a net loss of $1.2m for the quarter ended September, which was below market estimates as gold and silver production was hit by cyanide supply issues. (Reuters) - Canadian precious metals miner Minefinders Inc posted third-quarter results
Mineweb | November 8, 2011 | 8:13 am

Platmin recovers from 2010 loss, sees Q3 profit

In a swing from the $26 million loss reported in the September quarter last year, platinum group metal miner Platmin achieved a $7.5 million profit for the three months to end September 2011 on the back of first platinum sales. Johannesburg (I-Net
Mineweb | November 7, 2011 | 4:35 pm

Port Hedland sees lower iron ore shipments in October

Iron ore shipments from Australia's Port Hedland slipped to 19.9 million tonnes in October from 20.0 million in September, according to data released by the port authority on Monday. Iron ore shipments from Australia's Port Hedland, one of the world's
Mineweb | November 7, 2011 | 12:21 pm

German gold reserves must remain untouchable – Minister

Germany's Economy Minister Philipp Roesler has responded to recent media reports that the G20 summit at Cannes discussed using reserves to boost euro zone bailout funds by saying the country's gold reserves must remain untouchable. Germany Economy
Mineweb | November 7, 2011 | 12:21 pm

Kazakhstan to build 3rd gold refinery in 2012

Kazakhstan's Industry Ministry says the construction of a third gold refinery to process an expected increase in volumes of the precious metal will begin next year and it will have capacity to produce 25/t of bullion per year. Kazakhstan plans to begin
Mineweb | November 7, 2011 | 8:06 am

Evraz gets support for full London listing

The steelmaking firm has received acceptances for its proposed share swap and relocation to Britain from just over 98% of its shareholders, allowing it to proceed with a premium London listing. Russian steelmaker Evraz has received acceptances for its
Mineweb | November 7, 2011 | 8:06 am

Harmony suspends SA mine operations after fatality

The company issued a statement Monday morning saying operations at its Kusasalethu gold mine have been suspended pending investigations after an employee was killed in an accident. South Africa's third-largest gold miner Harmony suspended operations at
Mineweb | November 7, 2011 | 8:06 am