Wednesday, February 13, 2013

South Africa's Palabora Mining swings to FY loss

Wednesday , 13 Feb 2013
G7 officials released a statement today saying, ?macroeconomic policies will be conducted based on domestic objectives and will not be used to target exchange rates.? Wednesday , 13 Feb 2013
Detailing the first findings of an operational review, African Barrick said on Wednesday it will focus on improving returns by cutting costs this year. Wednesday , 13 Feb 2013
The copper miner reported Wednesday that while full year magnetite production increased 54%, full year refined copper production was 31% lower. Wednesday , 13 Feb 2013
Rio?s subsidiary Pacific Aluminium warned in January that it would suspend production if it were unable to run the refinery on natural gas. Wednesday , 13 Feb 2013
The temporary shutdown is a further blow to companies that are already battling with major infrastructure bottlenecks in Mozambique, home to vast reserves of coking coal. Wednesday , 13 Feb 2013
The Bakries have agreed to a $640 million deal to sever ties with coal miner Bumi Plc, set up with financier Nat Rothschild in 2010. Wednesday , 13 Feb 2013
The country wants to derive more benefit from the resource by having a refinery in the country rather than having metal refined in South Africa. Tuesday , 12 Feb 2013
Shares of newly-listed Sibanye Gold jumped more than 6% on Tuesday as the market warms to its potential as a stand-alone gold producer. Tuesday , 12 Feb 2013
The Iranian Foreign Ministry has confirmed media reports that it has converted some of its 20-percent-enriched uranium into reactor fuel. Tuesday , 12 Feb 2013
RioZim went to court earlier this month to fight off two lawmakers, including tourism minister Walter Mzembi, who had taken control of its Renco gold mine. Tuesday , 12 Feb 2013
Increased output could see Russia surpass the US as the world's third largest gold miner by 2015, says the head of the Russian Gold Industrialists' Union. Tuesday , 12 Feb 2013
The company plans to spend $6.5 billion on its foreign assets by 2018 to almost double its market value by the end of the decade. Tuesday , 12 Feb 2013
Coal prices rose around $2 on Friday as traders reacted to potential disruption at three Colombian mines that supply up to 85% of the country's exports. Tuesday , 12 Feb 2013
Cameco is watching the potential sale of Urenco but says it is not close to deciding whether it will make a bid. Tuesday , 12 Feb 2013
Workers at BHP Billiton?s Cerro Matoso mine are threatening to strike if the company disciplines a colleague for an alleged breach of a safety procedure. Monday , 11 Feb 2013
Recent optimism "making gold's safe haven properties redundant" as market "driven by currency moves." Monday , 11 Feb 2013
The gold price edged lower on Monday as the dollar held near a one-month high against a basket of currencies. Monday , 11 Feb 2013
Copper slipped on Monday hurt by a stronger dollar, though falls were kept in check by improved growth prospects in the U.S. and China.

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Source: http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=177531&sn=Detail

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