International assistance to benefit African mineral resources sectors Mining Weekly Mozambique and Malawi have expressed interest in a World Bank plan to launch, in July, a five-year $1-billion fund to finance the mapping of Africa’s mineral resources. The project will use airborne surveys and satellites to cover areas for whi...
UPDATE 1-Miner Cliffs earnings rise, helped by lower costs Reuters n">Feb 13 (Reuters) - Cliffs Natural Resources Inc, which is facing against an activist investor who wants to break up the mining company, reported higher fourth-quarter profits on Thursday helped in part by higher iron ore prices and a drop in the c...
Miner Cliffs appoints president and COO Halverson as CEO Reuters n">Feb 13 (Reuters) - Cliffs Natural Resources Inc said on Thursday its board of directors appointed Gary Halverson, until now its president and chief operating officer, as chief executive with immediate effect. | "We are confident that Gary is the r...
UPDATE 1-Gold miner Agnico-Eagle slashes dividend citing lower gold prices Reuters n">Feb 13 (Reuters) - Agnico-Eagle Mines Ltd slashed its quarterly dividend to 8 cents per share from 22 cents, saying the reduction reflects current market conditions as gold is trading about $100 per ounce lower than the company's realized price in...
Gold miner Agnico-Eagle's results beat estimates Reuters n">Feb 12 (Reuters) - Agnico-Eagle Mines Ltd reported better-than-expected fourth-quarter results as total gold production increased about 36 percent. | The company reported a net loss of $453.3 million, or 2.61 cents per share, in the three months e...
Aussie miners paid to keep industrial peace Stuff Workers on Gina Rinehart's Roy Hill project are being paid a weekly bonus of A$205 ($223) under contractual terms designed to deter them from taking unapproved industrial action. | The bonus, known as a ''project incentive payment'', has been include...
2000 miners maintain strike at AngloGold Mali mines Independent online Bamako - AngloGold Ashanti, the world’s third-biggest producer of the metal, said its Yatela and Sadiola mines in Mali were operating normally even as about 2,000 workers employed by contractors started a strike. | “At this stage, product...
OZ Minerals digs down for $294m loss Sydney Morning Herald Several big mining companies have expressed interest in partnering with OZ Minerals to develop its Carrapateena deposit, and managing director Terry Burgess said the sealing of such a joint venture deal could be one of his final acts at the company. ...
Danakil project completes maiden mineral resource estimate Mining Weekly JOHANNESBURG (miningweekly.com) – A maiden National Instrument 43-101-compliant mineral resource estimate (MRE) has been completed for the Danakil potash project, in Ethiopia, following the completion of the project’s Phase 1 exploration ...
Wall Street edges lower Independent online New York - US stocks edged lower on Thursday, as investors discounted weaker-than-expected data on consumer spending and the labour market, but a disappointing outlook by Cisco Systems weighed on each of the major indexes. | Cisco fell 4.5 percent to $21.85 as one of the top drags on all three major US indexes after the network-gear maker forecast ...
Facebook Offers New Gender Options for Users Voa News The social media giant Facebook has now made it possible for people to choose options other than "male" and "female" when identifying their gender. | Facebook said the changes launched on Thursday initially cover the company&aposs; users in the United States. The adjustments give people more than 50 choices of how they describe ...
