Research and Markets has announced the addition of the China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008 report to its offering. The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world’s iron ore production. The shortage of iron […]

HudBay Minerals plans to close its Balmat, New York State, zinc mine and concentrator. As a result of lower prices for zinc metal, continued high operating costs associated with the geology of the Balmat mine and general inflationary pressures, HudBay has determined that this operation is not economically viable given current market conditions. The Balmat mine was […]

Key points from OZ Minerals’ financial results for the six months to 30 June 2008:

Merger synergy benefits of A$27.5 million/y identified; more targeted
Industry-competitive operations; cash costs well below current commodity prices
Dividend of A$0.05/share (unfranked) declared; DRP maintained at 2.5% discount
Sound underlying performance in a volatile environment
Pro-forma consolidated revenue of A$1 billion and underlying NPAT of […]

The organiser of the first-ever Resources Victoria Conference - opening in Melbourne on Monday - say registration figures point to a surging interest in the potential to revitalise the State’s mineral and energy exploration sectors. More than 200 delegates have registered for the inaugural 2008 Paydirt Resources Victoria Conference, being staged amid an environment of […]

London Mining has completed the sale of its Brazilian operations to ArcelorMittal for a total cash consideration of $809.9 million. Subsequent to the transaction, some of the proceeds will be used fororking capital for the Wadi Sawawin, Isua and Marampa iron ore projects; potential funding for the balance of the conditional DMC Energy (up to […]

HudBay Minerals and Skye Resources announce that Skye shareholders, optionholders and holders of deferred share units have voted in favour of the previously announced business combination between HudBay and Skye at a special meeting of Skye securityholders held today in Vancouver.  In excess of 99% of the votes cast at the meeting were in favour […]