Posts by Mineweb:

Rio Tinto buys CSN’s Riversdale stake for $830m

Brazilian steelmaker CSN (CSNA3.SA: Quote)(SID.N: Quote) struck a deal to sell its 19.9 percent stake in Australian coal miner Riversdale to mining giant Rio Tinto for A$780 million ($830 million), according to a securities filing. Sao Paulo-based CSN, Brazil's largest diversified steelmaking group, sold 47.29 million Riversdale shares at a price of A$16.50 each, the filing said. The shares (RIV.AX: Quote) closed little changed at A$16.50 in Sydney on Wednesday.
Mineweb | April 20, 2011 | 5:22 pm

Polyus Gold Q1 output up 60%

Russia's top gold digger said it produced 323,000 ounces of the yellow metal in Q1, 60% more than the same period the year before Russia's top gold producer Polyus Gold (PLZL.MM: Quote) said on Wednesday its output in the first quarter of this year was
Mineweb | April 20, 2011 | 5:21 pm

Is it now time to switch from silver to gold?

One way precious metals investors try to maximize their results is buy predicting which of gold or silver (and some people also consider platinum and/or palladium) will outperform the other going forward. A correct judgment has often led to dramatic results.
Mineweb | April 20, 2011 | 3:01 pm
mining pen signing deal finance

Friedland company may be out of step with copper project sale

Ivanhoe Australia Ltd (ASX & TSX: IVA), controlled by North American-based Ivanhoe Mines, today put out what it quaintly described as a clarification of its position on Exco Resources Ltd (ASX: EXS) selling the Cloncurry copper project to Xstrata Copper. Ivanhoe, which is Exco's major shareholder made it clear it was not supporting the sale, pointing out that the company's chief executive Peter Reeve, as a director of Exco, excused himself from the deliberation of this transaction.
Mineweb | April 20, 2011 | 11:49 am

China tries to curb over-capacity in aluminium sector

China has called on central and provincial authorities to stop approving the construction of new aluminium smelting capacity as over-capacity in the industry is expanding. Nine ministries and departments jointly issued an urgent circular reinforcing Beijing's policy to restrict aluminium capacity expansion. The circular was published on the website of the Ministry of Industry and Information Technology on Wednesday. (www.miit.gov.cn). Picture, a German aluminium coin from the time of the hyperinflation, is from Images of Elements.
Mineweb | April 20, 2011 | 8:52 am
truck_wheel_closeup_mining

PanAm Silver has no ‘official notification’ of possible San Vicente nationalization

Pan American Silver said Tuesday it had consulted with Bolivia's Minister of Mines and its unions and "has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente." Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.
Mineweb | April 20, 2011 | 6:15 am