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Mining News

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

1 hr ago | Business Journal

U.S. Steel cancels expansion projects

United States Steel Corp. announced Tuesday it plans to forgo two expansion projects, saving the steel manufacturer more than $800 million. In addition, the board of directors of U.S. Steel's Canada subsidiary has voted to apply for financial relief from creditors.

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Related Topix: Steel, United States Steel, Gary, IN

5 hrs ago | AmericanBankingNews.com

Coeur Mining Hits New 1-Year Low at $6.60

Shares of Coeur Mining reached a new 52-week low on Tuesday , American Banking & Market News reports. The stock traded as low as $6.60 and last traded at $6.72, with a volume of 1,290,126 shares changing hands.

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Related Topix: Coeur D Alene Mines

6 hrs ago | Seeking Alpha

Silver Standard Resources Squandered A Big Opportunity

On February 4, 2014, Silver Standard Resources announced it was purchasing the Marigold Mine from Goldcorp and Barrick Gold for a price of $275 million. Silver Standard's shares soared on the news as investors felt the company just bought a tremendous asset.

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Related Topix: Silver Standard Resources, Barrick Gold

9 hrs ago | Brandon Sun

Former Barrick CEO Jamie Sokalsky to join junior explorer Probe Mines

Former Barrick Gold chief executive Jamie Sokalsky has been appointed a director and the next non-executive chairman of junior gold explorer Probe Mines Ltd. . Sokalsky was chief financial officer at Barrick from 1999 to 2012 before he became chief executive.

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Related Topix: Barrick Gold

9 hrs ago | Seeking Alpha

Barrick Gold: Gold Miners As The Best Play On World Currency Debasements

I don't like being dogmatic about my investments. Many investors have taken to buying gold in large quantities in the sure belief that currency debasement by countries around the world will erode the value of paper money.

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Related Topix: Barrick Gold

10 hrs ago | Silicon Alley Insider

Rare Earth Metals Were Supposed To Be The 'Can't-Lose' Investment Of...

Rare Earth Metals Were Supposed To Be The 'Can't-Lose' Investment Of The Decade - Look How That Turned Out Molycorp went public in July 2010 at $14 per share, right as the price of rare earth minerals started to take off. The 2010 surge in rare earth prices prompted ZeroHedge to write : "Ever heard of the oxides of Lanthanum, Cerium, Neodymium, Praseodymium and/or Samarium? With price surges between 250% and 600% in one quarter, you may wish you have."

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Related Topix: Molycorp, Metals, TV, Electronics, Greenwood Village, CO

11 hrs ago | Forbes.com

Profitability Is Gold Mining's Biggest Issue -- Randgold's Mark Bristow

"Kitco" is a familiar name to many people who visit our world-famous, award-winning website www.kitco.com. With its compelling combination of an online precious metals store, live spot prices, expert market commentaries, up-to-the-minute news and usable market information, our website attracts nearly a million visits every day.

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Related Topix: Randgold Resources, Business News

12 hrs ago | The Motley Fool

3 Reasons Alcoa Inc. Stock Could Rise

The stock's 2011 highs proved short-lived, though, as Alcoa went on to get cut in half once again before its explosive move higher in the past year. With all those volatile moves, investors want to know whether Alcoa can keep climbing from here or if the aluminum company is doomed to suffer another leg down.

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Related Topix: Alcoa, Financial Markets

12 hrs ago | Barron's

Morning Movers: SodaStream Jumps on Takeover Chatter; Regeneron Rises on FDA Designation

S&P 500 futures have fallen 0.1%, while Dow Jones Industrial futures have dropped 0.2%. Nasdaq Composite futures have declined 0.2%.

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Related Topix: Arch Coal, Peabody Energy, Financial Markets

15 hrs ago | AmericanBankingNews.com

Antofagasta plc Upgraded to Hold by Deutsche Bank

Shares of Antofagasta plc opened at 24.72 on Tuesday. Antofagasta plc has a 52-week low of $24.55 and a 52-week high of $31.97.

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Related Topix: Antofagasta

17 hrs ago | Bloomberg

African Barrick to Drop Parent's Name in - Rebranding'

African Barrick Gold Plc , a mining company majority-owned by Canada's Barrick Gold Corp. , said it will drop its parent's name when it unveils a new corporate identity in November. "It's part of the rebranding of ABG, being independent of Barrick," African Barrick Chief Executive Officer Brad Gordon said yesterday in an interview in Denver.

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Related Topix: Barrick Gold

Mon Sep 15, 2014

Resource Investing News

Heron Resources Frees Up Register to Progress Woodlawn

Heron Resources announced last Friday that the last of its two major cornerstone investors has exited the company, with Vale selling down its 9-percent stake via a book build to local retail and institutional investors. That follows the departure of BHP Billiton , which sold its 10.4-percent stake in late August in an off-market transfer to Sprott and Exploration Capital Partners 2008.

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Related Topix: BHP Billiton, Smith International, Energy, Oil & Gas, Australia, Oceania, World News,

Reuters

After standoff, Vale and China's Cosco both claim shipping victory

In the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem itself. ) Valemax mega-ships - designed to cut the costs of transporting iron ore to China - have not been allowed to dock at Chinese ports, stalling the miner's $4 billion strategy.

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Related Topix: South America, Brazil, World News, BHP Billiton

AmericanBankingNews.com

BHP Billiton Limited Sees Unusually Large Options Volume

Shares of BHP Billiton Limited were the target of unusually large options trading activity on Monday. Stock traders acquired 20,854 put options on the company, AnalystRatingsNetwork.com reports.

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Related Topix: BHP Billiton

WLUC-TV Negaunee

Cliffs executes letter of intent with Invenergy for combined heat and power cogeneration facility

Courtesy of Cliffs Natural Resources: Cliffs Natural Resources can confirm that Cliffs and Invenergy Thermal Development LLC have jointly executed a Letter of Intent to advance consideration of a combined heat and power cogeneration facility to serve Cliffs Michigan operations. Under the terms of the LOI, Cliffs and Invenergy will work toward evaluating the feasibility of a cogeneration facility with the goal of reaching a decision point within 120 days.

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Related Topix: Invenergy, Cleveland Cliffs, Metals

Insider Monkey

Alcoa Inc (AA) Down on Options Activity, Will Rise Again

Alcoa Inc has taken a nearly 2% tumble in trading today, after reaching its highest levels this week since its collapse six years ago at the height of the financial crisis. According to analyst Pete Najarian on CNBC today, the drop is likely only a temporary dip in the stock's upward momentum.

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Related Topix: Alcoa

Iol.co.za

Revolt ends AngloGold's planned overhaul

Johannesburg/London - Africa's largest gold producer AngloGold Ashanti has scrapped a planned demerger and rights issue after a shareholder revolt against the overhaul announced five days ago, and might be forced to sell assets to shore up its finances. The South Africa-based gold producer last week unveiled its intention to split its international assets from its South African mines to create a new London-listed company, mirroring moves by other producers to reduce exposure to a country hit by rising labour costs and policy instability.

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Related Topix: AngloGold, South Africa, Startups, Autonomy

NewsOK.com

Nucor buying Gallatin Steel for about $770M

Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.

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Related Topix: Nucor, Steel, Ghent, KY

CSRwire.com

Barrick Named Mining Industry Leader by the Dow Jones Sustainability Index

Barrick Gold Corporation has been named to the Dow Jones Sustainability World Index for the seventh consecutive year and has been ranked as the top performer in the mining industry category. "We are honored to be included in this highly-respected index once again this year.

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Related Topix: Barrick Gold

Business Journal

Nucor to acquire Gallatin Steel in $770 million deal

Charlotte-based steel manufacturer Nucor Corp. has agreed to purchase Gallatin Steel Co.

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Related Topix: Nucor, Steel, Ghent, KY

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