MINING.COM

Unions stop Codelco from selling off Gaby

The board of Codelco has authorized its chief executive, Thomas Keller, to go ahead with feasibility studies to turn its subsidiary Gabriela Mistral into a new business division.

Cecilia Jamasmie | July 27, 2012 | 4:35 pm

Anglo American disappoints: profits down 40% and Minas Rio delayed another year

The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.

Cecilia Jamasmie | July 27, 2012 | 2:59 pm

Newmont sees earnings dive on dismal output

Newmont Mining's (NEM) second quarter earnings plunged 28% compared to the same period last year on reduced gold and copper output.

Marc Howe | July 26, 2012 | 11:55 pm

Silver Wheaton not fazed by Pascua-Lama delays

Silver Wheaton will be paying less than $4 an ounce to take the precious metal of Barrick's hands.

Frik Els | July 26, 2012 | 10:18 pm

Net income down? Agnico-Eagle isn’t worried

Despite a drop in net income, from $68.9 million last Q2 to this year's $43.4, the miner saw an increase in revenue, gold production and, as a result, a pleasant 8.5% rise in stock price.

Joshua Zapf | July 26, 2012 | 6:52 pm

Vale the newest casualty of China’s slowdown

Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.

Cecilia Jamasmie | July 26, 2012 | 2:04 pm

Barrick misses expectations and delays Pascua-Lama

Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.

Cecilia Jamasmie | July 26, 2012 | 12:42 pm

Seven coal miners dead after explosion in northern Mexico

An explosion on Wednesday in a coal mine in northern Mexico killed seven miners, officials said, highlighting lax safety conditions in small mines that are often poorly regulated.

Reuters UK | July 25, 2012 | 9:50 pm

Antofagasta Minerals ‘scored’ with appointment of ex-Codelco CEO Hernandez: analysts

FTSE 100 miner, copper giant Antofagasta PLC (LON:ANTO) announced Tuesday it had appointed Diego Hernandez, the former head of state miner Codelco, a move qualified by insiders as “a goal” for the London-listed Chilean miner.

Cecilia Jamasmie | July 25, 2012 | 7:00 pm

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Cobalt price boost as electric vehicle loadings surge

Peruvian government wants to secure $21B in mining investments

Chile’s ruling party advocates for exempting mining from glacier regulations

Gold exploration trends: drilling up, optimism returns

Brazil to lay criminal charges against Vale, auditor in dam burst

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