Mining News

Christine Breves is chief procurement officer for Alcoa's Global Business Services.

Bullish on gold? You may look to out-of-favor producers like Newmont that have been in the doldrums.

Thomas Keller, who is set to take the helm of the world's top copper producer on June 1, also told the paper that if a deal is not reached within a month, Codelco will revive its litigation against global miner Anglo American.

The company is run by Rob Terry, who has spent most of his career in the industry.

When comparing Kinross Gold Corp to its peers in the senior gold miner group Barrick , IAMGOLD , Agnico-Eagle , and Goldcorp , it's prudent for the analysis to begin with the main reason why KGC's price has deviated so much from that of its peers.

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Qatar Investment Authority, owner of Qatar Holding LLC, said Friday it bought 1.91 million shares in diversified mining group Xstrata PLC at 917.23 pence, lifting its total holding to 258.25 million shares, or 8.6%. -Xstrata shares at 1100 GMT, down 18 pence, or 1.94%, at 916.6 pence valuing the company at GBP27.53 billion

's stock had its "neutral" rating reaffirmed by Zacks in a report released on Friday.

The firm currently has a $31.00 target price on the stock. Zacks ' analyst wrote, "We have upgraded CONSOL Energy to Neutral from Underperform as its decision to invest more in liquid rich assets and shy away from natural gas activities bodes well in the present depressed gas price scenario.

Governor's Wreath Placing Ceremony: Gov. Kasich praises the Ohio service members who lost their lives the past year, including Raymond Border.

Kolkata, May 25 : The West Bengal government has entered into an MoU with the Steel Authority of India Limited and the Burn Standard Company Ltd to set up a railway wagon and component factory in East Midnapore's Jellingham, Chief Minister Mamata Banerjee said Friday.

The federal government is raising the monetary threshold for a review of a foreign takeover of a Canadian company to $1 billion from $330 million over a four-year period.

Neo Material Technologies Inc. . Rare earths. Down 34 cents, or 3.24 per cent, at $10.15 on 14,349,196 shares.

The latest gold mining executive to forecast a new record high for the price of gold was Sean Boyd, CEO of Agnico-Eagle Mines .

On 5/29/12, Inmet Mining Corp. will trade ex-dividend, for its semi-annual dividend of $0.10, payable on 6/15/12. As a percentage of IMN's recent stock price of $43.08, this dividend works out to approximately 0.23%. Click here to find out which 9 other Canadian stocks going ex-dividend you should know about, at DividendChannel.com>> Below is a ... (more)

Victoria Gold Corp. says it has agreed to sell its interest in the Mill Canyon property in Nevada to a subsidiary of Barrick Gold Corp.

Dozens of federal mine safety inspectors descended into 43 coal mines in three Appalachian states Wednesday in a massive, one-day blitz targeting mines once owned by Massey Energy.

Chile's state-owned Codelco says Diego Hernandez cited personal reasons for a resignation that takes effect June 1. He is being replaced by Chief Financial Officer Thomas Keller.

Gold stocks turned lower Thursday afternoon alongside precious metals, with the Market Vectors Gold Miners ETF falling from an intra-day high of $45.28 to trade down by $0.54, or 1.2%, at $43.90 per share.A The negative reversal in gold stocks and the GDX was driven by COMEX gold futures, which retreated from $1,577 per ounce this morning to $1,555 ... (more)

The closed Lucky Friday Mine in northern Idaho will start rehiring workers in July and should have a full workforce by the end of the year.