Posts by Mineweb:

BHP Australia refinery resumes nickel production

BHP Billiton said on Wednesday that production at its Kwinana nickel refinery in Western Australia had restarted as planned in early June. "In line with our previous guidance, production at Kwinana resumed in early June," a spokesman told Reuters.
Mineweb | June 30, 2011 | 6:53 am
Caterpillar profit drops for second successive quarter due to weak mining demand

Moly Mines secures $494m loan from China Development Bank

Moly Mines Ltd (MOL.TO: Quote) (MOL.AX: Quote) said it got loans totalling $494 million from China Development Bank Corp(CDB) for the construction of its Spinifex Ridge molybdenum and copper project in Western Australia. The miner said the loans will include a $454 million syndicated loan. CDB will also provide the company with a $40 million working capital loan.
Mineweb | June 29, 2011 | 9:04 am
line of shovels mining

Grupo Mexico, Asarco union extend existing contract for 2 years

Grupo Mexico and miners at its U.S. copper mining unit Asarco agreed to extend their existing contract for two more years, the Mexican company said in a statement on Tuesday. The contract covers 2,100 workers at Asarco's operations in Arizona and Texas and will now be valid until 2013.
Mineweb | June 29, 2011 | 7:04 am

Scotiabank’s Mohr forecasts copper demand rebound in second half of 2011

Moderately lower base metals, molybdenum, uranium and silver prices more than offset stronger gold, potash and cobalt prices in May, lowering the Scotiabank Commodity Price Index by 2.3% last month. LME copper prices eased from US$4.30 per pound in April to $4.05 per pound in May "and are still exceptionally lucrative at US$4.08 in late June," noted Scotiabank economist Patricia Mohr.
Mineweb | June 29, 2011 | 5:48 am

High grade silver-gold buoys Endeavour Silver

Continuing silver-gold mineralization at a new series of veins bodes well for Endeavour Silver's ongoing plant expansion at its Guanajuato mine in Mexico. VANCOUVER, BC - On news of high grade silver-gold drilling results at its Guanajuato project in
Mineweb | June 28, 2011 | 9:01 pm

La Mancha’s Hassaï gold mine’s Q2 production impacted by fire

La Mancha Resources reports that a fire partially damaged two electrowinning cells at its Hassaï mine, in Northeast Sudan, over the weekend. Although the site is continuing its normal mining and crushing activities, gold production will be partially impacted over the next few weeks until the two electrowinning cells have been replaced.
Mineweb | June 28, 2011 | 10:36 am
Red Truck Mining Wheel

Rio Tinto happy with Australian project budgets

Rio Tinto is comfortable with the company's multibillion-dollar project budgets in Australia, where labour, input and services costs were all increasing, Chief Executive Tom Albanese said on Tuesday. "I'm comfortable that our budgets in Australia are being managed appropriately," Albanese said at a business lunch.
Mineweb | June 28, 2011 | 7:48 am