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Mining Weekly - 2 hours ago

ERA's profit falls sharply, cuts FY production guidance

PERTH (miningweekly.com) – ASX-listed uranium-miner (ERA) on Friday reported an 82% drop in half-year profit and downgraded its production guidance for the 2010 financial year to between 4 300 t and 4 700 t on the back of reduced production during theread more »

Calgary Herald - 7 hours ago

Athabasca aftermath makes impact on MEG offering

Price cutting on an initial public offering by oilsands producer MEG Energy Corp. of Calgary is in part due to the disastrous market performance of Athabasca Oil Sands Corp. since its IPO raised $1.35 billion in February, observersread more »

Mining Weekly - 11 hours ago

Potash Corp forecasts 'tight' market in 2011

TORONTO (miningweekly.com) – Demand for potash could come close to global supply capabilities next year, especially if China returns to the market as expected, Potash Corp CEO Bill Doyle said on Thursday. The company, like other crop nutrientread more »

Mining Weekly - 11 hours ago

Vale profit soars on new iron pricing

- Brazilian mining giant Vale's second-quarter profits soared more than four-fold from a year earlier on higher iron prices and a new pricing system that let the company get higher prices for its ore. Vale, the world's largest iron ore producer, in theread more »

Rio to seal Chinalco ore deal over major African mine

RIO Tinto is poised to seal a crucial joint venture with its largest shareholder, Aluminum Corp of China (Chinalco). The deal will underpin development of the massive Simandou iron ore project in Africa and strengthen ties between the mining giant and Beijing. read more »

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De Beers considering offers for Finsch and Namaqualand diamond mines

Fri, 30 Jul 2010

De Beers has announced that it is considering offers for its Finsch diamond mine and its currently-suspended Namaqualand alluvial operation.

Rio Tinto, Chalco formalise Simandou JV, Chalco to invest $1.35bn

Fri, 30 Jul 2010

Analysts expect the move to help the Chinese firm diversify beyond the volatile aluminium market

Anglo reinstates dividends, warns on costs

Fri, 30 Jul 2010

The miner announced a doubling of first-half profits but said its Minas Rio project would probably not start producing in 2012 as planned

Vedanta posts record Q1 EBITDA

Fri, 30 Jul 2010

The Indian-focused miner said profits rose in the three months as production of its three most profitable metals rose

Copper price predicted to rise in next week

Fri, 30 Jul 2010

A survey of analysts has more bullish on the prospects for short term copper prices than bearish.

more news »

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