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Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines (MCM), a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
MCM, Zambia’s second largest mining company, said in March it planned to suspend operations at its Nkana underground [...]
Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines, a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
Apollo Gold Signs Agreement with St Andrew Goldfields To Open Black Fox Gold Mine
Apollo Gold Corporation is pleased to announce that it has signed an agreement with St Andrew Goldfields Ltd., in which St Andrew will mill 100,000 tonnes of Apollo`s Black Fox mine gold ore.
Apollo commenced mining open pit gold ore from its Black Fox mine in April 2009 and commenced milling of that ore at [...]
Exploration Gold Mining Company, Eldorado Now Has 100 percent Vila Nova Iron Ore Project, in Brazil
Eldorado has finalized and executed an agreement with Amapari, which results in the acquisition by Unamgen Mineracao – a wholly owned subsidiary of Eldorado in Brazil – of Amapari’s 25% remaining interest in the project in exchange for a Net Profits Interest royalty of 10% plus a sliding scale royalty based on the operating margin [...]
Gold Mine Exploration and Production Increase 10 pct at Turk Mine, Zimbabwe
Gold production at Turk mine, northwest of Bulawayo in Zimbabwe increased by more than 10% in May compared to the previous month, as the mine finds its feet after re-opening early this year. The mine, owned by Japanese based New Dawn, was placed on care and maintenance due to operational challenges last year.
South African Gold Mining Companies Expected to Report Improved Earnings on Strong Gold Price
South African gold majors would likely see improved earnings for the quarter ended March 31, 2009, as a result of the high gold price, irrespective of an increase or decline in production, analysts canvassed by Mining Weekly Online agreed on Monday.
JSE Suspend South African Coal Mining Holding
Shares in coal junior South African Coal Mining Holdings (SACMH) have been suspended from trade on the JSE.
South African Coal Mining Holdings To Halt Coal Mine Production
Mr Xavier Prevost analyst of Wood Mackenzie said that the decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance.
South Africa Coal Mining Holding To Halt Coal Mine Production, Loss Of Mining Contract
The decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance, Xavier Prevost, a Wood Mackenzie analyst, said last week.
