Mining industry
AngloGold Ashanti, the world's third-largest gold miner, continued to make progress in shedding its toxic gold hedge book in 2009, helping to narrow its annual pre-tax loss to R1.17bn ($153m) despite strong production costs. The company's total cash costs rose from $444 per ounce in
Mining industry
Crocodile Gold Corp., a newly formed gold mining company, has announced its first gold pour in December 2009 at its Union Reefs Mill in the Northern Territory, Australia. The company has a significant land package with over 3,500 square kilometers containing 3.09 million ounces of NI 43-101 compliant
Mining industry
The China Investment Corporation (CIC), one of the world's largest sovereign wealth funds, has revealed its significant investments in the mining sector through exchange-traded funds (ETFs) and equity holdings in mining companies. The fund's filings with the US Securities and Exchange Commission (SEC) show that CIC
Mining industry
U.K. stocks rose on Thursday, led by a rebound in mining companies after Xstrata Plc reported earnings that beat analyst estimates and base metals prices climbed in London. The FTSE 100 Index increased 46.79, or 0.9 percent, to 5,107.71 at 8:33 a.m. in
Mining industry
Freeport-McMoRan Copper & Gold's stock has suffered a significant decline since January 11th, losing 26% of its value in the past three weeks. The stock's intraday reversal in Friday's trading saw a sharp decline, with shares opening higher only to shed 3.1% by
Mining industry
The Boddington mine expansion in Western Australia is a significant addition to Newmont Mining Corp's gold portfolio, surpassing the country's largest gold mine, the Super Pit, in production. The 130km southeast of Perth, the mine is expected to produce one million ounces of gold and 30,
Mining industry
Newcrest Mining Ltd, a leading Australian gold miner, achieved a significant milestone in the second quarter of fiscal 2010, surpassing expectations with a 17% increase in gold production. The boost in production was largely driven by record quarterly output at the Telfer operation in Western Australia, higher production at Cadia
Mining industry
Goldcorp Inc. has announced its intention to release fourth quarter results after market close on Thursday, March 11, 2010. A conference call will be held on Friday, March 12th at 10:00 a.m. (PT) to discuss the results. Participants can join the call by dialing toll-free 800-355-4959 or 416-695-6622
Mining industry
The Canadian stock market experienced a significant decline on January 21, 2010, as a series of policy shocks worldwide and economic data releases contributed to volatility in asset prices. The S&P/TSX Composite Index fell by 1.8%, with Inmet mining plummeting 15.4% and Iamgold Corp falling
Mining industry
RiskMetrics, a leading independent proxy advisory firm, has published a report recommending that its clients holding Canplats Resources Corporation securities vote in favor of the acquisition by Goldcorp Inc. through a plan of arrangement. The acquisition was announced on December 29, 2009, and under the terms of the arrangement, Canplats
Mining industry
Seven Summits Strategic Investments' PriceWatch Alerts, available at http://www.iotogo.com/s/120909C, provide detailed strategies for protecting investments against market uncertainty. The alerts cover stocks such as Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), The Home Depot, Inc. (NYSE:HD), Devon Energy Corporation (NYSE:DVN), American Tower
Mining industry
Nava Bharat Ventures, a subsidiary of Nava Bharat Ventures Ltd, has signed a share sale and purchase agreement (SPA) with the Zambian government through the minister of finance and Zambia Consolidated Copper Mines Investments Holding Plc (ZCCM-IH) for acquiring a 65% stake in Maamba Collieries Ltd (MCL). This acquisition entails
