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Mining News

Mining news continually updated from thousands of sources around the net.

4 hrs ago | Business Journal

Newmont Mining to open $1 billion gold mine in South America

Newmont Mining Co. says it will develop a gold mine in the South American nation of Suriname at a cost of $900 million to $1 billion.

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Related Topix: Newmont Mining Corporation of Canada, Greenwood Village, CO

7 hrs ago | Business Journal

Tax abatement coaxes automotive supplier to Clarksville

Delaware-based Shiloh Industries plans to bring 150 jobs and about $20 million in investment to the Clarksville site formerly home to a Contech/Metal Forge factory.

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Related Topix: Shiloh Industries, Steel

11 hrs ago | Sydney Morning Herald

Rio Tinto abandons Mozambique

The Riversdale acquisition famously led to the sacking barely two years later of former chief executive Tom Albanese, when the assets were impaired by $US3 billion dollars.

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Related Topix: Rio Tinto

Tue Jul 29, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The new shares are dis... )--Pulaski Financial Corp. reported net income available to common shareholders for the quarter ended June 30, 2014 of $2.8 mill... )--Newmont Mining Corporation will invest in developing the Merian gold mine in Suriname with strong local support for the project and expected all-in sustaining c... )--Mike Sickels, chairman ... (more)

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Related Topix: Newmont Mining Corporation of Canada, UGI, Energy, Oil & Gas, Amerigas Partners lp

Brandon Sun

Canadians senior gold miners set to report second-quarter results

Canada's senior gold producers are expected to boast about their ability to trim costs some of the biggest names in the sector report their second-quarter results Wednesday.

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Related Topix: Barrick Gold, Kinross Gold

Northern Life

The end of Cliffs in the Ring of Fire?

A New York hedge fund proclaims it's won a bitter proxy fight with Cliffs Natural Resources to achieve majority control of the Ohio iron ore and coal miner's board of directors.

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Related Topix: Cleveland Cliffs, Metals

Reuters

UPDATE 2-Higher shipments, prices help AK Steel post surprise profit

AK Steel Holding Corp reported a surprise quarterly profit as prices rose and it shipped more steel, sending its shares up nearly 8 percent to their highest in two years.

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Related Topix: Steel, AK Steel Holding, West Chester, OH, Chester, OH

NewsOK.com

Arch Coal posts bigger 2Q loss

You now have an easier online to way to manage your Home Delivery subscription for The Oklahoman.

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Related Topix: Arch Coal, Oklahoma

Ledger-Enquirer.com

Waste Management selling subsidiary for $1.94B

It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S. The business also has four ash monofill landfills, three transfer stations and an ongoing development and construction project in the U.K. Wheelabrator's 2013 revenue totaled about $845 million.

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Related Topix: Environmental, Waste Management, Wallbridge Mining Company, Metals

Seeking Alpha

Potash Corp. Q2 EPS Clears Low Bar, Year Over Year Sales And Earnings Lower

While Potash Corp. reported better than expected earnings per share of $0.56 on July 24, investors should still be wondering when the negative year over year comparisons will end.

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Related Topix: Potash Corporation of Saskatchewan, Chemicals

Mon Jul 28, 2014

Sydney Morning Herald

Gina Rinehart says MRRT scrapping "isn't about making Gina richer"

Gina Rinehart's $10 billion Roy Hill iron ore project in WA has reached the halfway point of construction.

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Related Topix: Rio Tinto

International Business Times

93% of Mining Leaders See Extremely Low or Zero Growth Prospect for...

A miner holds a lump of iron ore at a mine located in the Pilbara region of Western Australia in this December 2, 2013 file photo.

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Related Topix: Australia, Oceania, World News, BHP Billiton

AmericanBankingNews.com

Rubicon Minerals Corp. Sees Significant Decline in Short Interest

Shares of Rubicon Minerals Corp. were the recipient of a large decline in short interest in July.

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Related Topix: Rubicon Minerals

Wall Street Journal

Can Rice Sorters, Car Assembly Lines Inspire Mining Industry?

PERTH, Australia-Global mining companies have scoured deserts, mountains and jungles for resources to rev up their profits.

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Related Topix: Australia, World News, Rio Tinto

Edmonton Journal

Toronto stock market moves lower ahead of earnings, economic data

The Toronto stock market was in the red, led by energy stocks, on Monday morning ahead of a heavy slate of earnings from resource companies this week.

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Related Topix: Canada, Financial Markets, North America, World News, Barrick Gold

Resource Investing News

Freeport's Deal to Resume Indonesian Exports: What Investors Can Learn

Last Friday, Freeport-McMoRan saw the light at the end of the tunnel for its Indonesian copper woes.

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Related Topix: Real Estate, Freeport, Southeast Asia, World News, Indonesia, Newmont Mining Corporation of Canada

AndhraNews

Focus on Delivery as Tongon Deals With Challenges

Randgold Resources' Tongon gold mine in Cote d'Ivoire is continuing to make headway in its drive to overcome the technical issues that have impacted its performance, chief executive Mark Bristow said here today.

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Related Topix: Randgold Resources

Sun Jul 27, 2014

Wall Street Journal

Tata Consultancy Services Manages Its Size to Stay Agile

Tata Consultancy Services is India's largest software exporter by revenue. The company-part of the Tata Group, whose interests range from salt to airlines to cars-on Wednesday became the first Indian company to surpass five trillion rupees in market capitalization.

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Related Topix: Tata Consultancy Services, Computers, IT Services, Automakers, Steel, Tata Motors, Tata Group

Knoxville News Sentinel

Newsmakers Knoxville Fire Department senior firefighter Cory Darnell...

Knoxville Fire Department senior firefighter Cory Darnell has been named "Firefighter of the Quarter" for a prompt life saving action he took while off duty earlier this year.

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Related Topix: Alcoa, Tennessee, University of Tennessee, Downtown (San Diego, CA), Powell, TN

The Globe and Mail

Amid global tumult, U.S. corporate earnings continue to climb

At about the halfway point of second-quarter earnings season, higher profits and, to a lesser extent, revenues, are more than offsetting the heightened geopolitical threats in the wake of a first quarter that bore the ill effects of a harsh winter.

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Related Topix: Amazon, Financial Markets, Alcoa

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