Iron ore prices shift structurally higher on Vale woes
Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.
Perseus Mining (ASX, TSX: PRU) said Wednesday gold production at its Edikan gold mine in Ghana will be less than the 58,500 ounces projected in late November for the December 2012 quarter.
The Hanlong Group, a privately owned Chinese company, is planning to take over Australian mining company Sundance (ASX:SDL) early next year and gain control over the Mbalam iron ore project in central west Africa, China's official Xinhua News Agency reported Saturday.
Gold miner Randgold Resources (NASDAQ:GOLD, LON:RRS)) cut its production guidance for its Tongon mine in Ivory Coast after a fire in the mill section of a plant.