Mining News

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Strife shuts largest gold, copper mine
Around 400 illegal miners set up wood and stone barricades on the road leading to the Grasberg mine, which is run by a local unit of New Orleans-based Freeport-McMoRan Copper & Gold Inc., police said.

World steel output up 5% y/y in January
Total production in the CIS was 9,5 mmt in January. % /

Lonmin approach to spark auction
Last week Lonmin received a takeover approach from Gold Fields, the South African gold-mining group, in a move that would create the world's fourth-largest gold producer and third-largest producer of platinum.

E.U. tells De Beers to halt Alrosa rough-diamond buying
De Beers, the world's leading producer and supplier of rough diamonds, has promised to phase out purchases from Alrosa between 2006 and 2008, ending all deals by 2009.

Anglo American's '05 Profit Little Changed
LONDON Feb 22, 2006 (AP)- Mining company Anglo American PLC reported a nearly flat yearly net profit Wednesday even as China's surging economy helped drive up prices of coal, copper, zinc, platinum, iron ore and vanadium.

Anglo American's '05 Profit Little Changed
(02-22) 04:08 PST LONDON, United Kingdom (AP) -- Mining company Anglo American PLC reported a nearly flat yearly net profit Wednesday even as China's surging economy helped drive up prices of coal, copper, zinc, platinum, iron ore and vanadium.

RUSAL said planning Azeri aluminium smelter
The world's third largest aluminium producer, Russia's RUSAL, plans to build an aluminium smelter with an annual capacity of 300,000 tonnes in Azerbaijan, a senior government official said on Wednesday. '

China sways ore talks?
China's growing influence on how much steel mills will pay mining companies for iron ore could limit price hikes this year to as little as 5 percent, the lowest rise in three years.

Alcoa Wins Contract from Hyundai to Supply Cast Aluminum Component Using Leading Edge Vacuum Riser-less and Pr
PITTSBURGH -- Alcoa announced today that Hyundai Motor Manufacturing America (HMMA) will use an Alcoa cast aluminum rear upper control arm for the Korean automakers all-new 2007 Santa Fe crossover vehicle.

UK's Johnson Matthey says to build Russian plant
Platinum specialist Johnson Matthey Plc (JMAT.L: Quote, Profile, Research) said on Wednesday it planned to build a multi-million pound autocatalyst manufacturing plant in Russia.

EU says reaches diamond deal with De Beers
Top diamond producer De Beers has settled a long-running monopoly abuse case with the European Commission by pledging to phase out the purchase of rough diamonds from number-two producer Alrosa of Russia from 2009.

Court appeal delays Gold Fields Bolivar buy
A Canadian court has delayed the completion of a takeover by South Africa's Gold Fields Ltd (GFIJ.J: Quote, Profile, Research) of Canada's Bolivar Gold Corp. (

Court case delays Gold Fields takeov
A Canadian court has delayed the completion of a takeover by South Africa's Gold Fields Ltd of Canada's Bolivar Gold Corp.

Lonmin takeover may boost gold firms
JOHANNESBURG: Gold producers Barrick Gold Corp and Gold Fields Ltd, under pressure to find new deposits, might endanger high valuations if they pursue takeover target Lonmin and enter the platinum sector.

More cash to come from Anglo American
JOHANNESBURG (Mineweb.com) -- Cash piles from Anglo American's announced restructuring are expected sooner, rather than later as the company gave more detail on its restructuring process on Wednesday morning.

Gold Fields and Bolivar Gold Announces Stay of Plan of
JOHANNESBURG and TORONTO, February 22 /PRNewswire-FirstCall/ -- Gold Fields Limited (NYSE: GFI; JSE: GFI) and Bolivar Gold Corp. (

BP, Rio Tinto lead London lower after weak U.S. close
By Simon Kennedy, MarketWatchLast Update: 5:47 AM ET Feb 22, 2006LONDON (MarketWatch) -- U.K.

Anglo American to Return $1.5 Billion to Shareholders as Profit Trails BHP
22 (Bloomberg) -- Anglo American Plc, the world's second-biggest mining company, said it will return $1.5 billion to shareholders and spin off a paper unit as it struggles to keep pace with larger rival BHP Billiton amid soaring commodity prices.

Booming metal prices boost Anglo American earnings
Mining group Anglo American said soaring metal prices helped boost earnings 39pc last year as it pledged to return $1.5billion (860m) to shareholders.

Anglo American posts record annual net profit
News Anglo American posts record annual net profit 22/02/2006 09:40 22/02/2006 09:26 22/02/2006 09:09 22/02/2006 08:41 22/02/2006 08:04 21/02/2006 21:45 21/02/2006 20:34 21/02/2006 20:10 21/02/...

LME March Prices: PP US$1160/ton, LLDPE US$1210/ton
As a result of the ring trading session today at 12.20 - 12. : $/, $/

Anglo to sell AngloGold shares
The announcement was part of further details supplied by Anglo American on a restructuring programme first unveiled to the market in 2005.

Anglo American financial chief targets $500M savings in 2007
Anglo American made cost savings and efficiencies of $730 million in the year to Dec. 31, 2005. Meanwhile the company has received 'several bids for Highveld Steel (& Vanadium (HSVLY),' said Chief Executive Tony Trahar. '

Anglo American returns $1.5bn as profits soar
The world's third largest miner, in the thick of a full strategic review, also said it would be floating its Mondi paper and packaging subsidiary on the London Stock Exchange as early as this year.

U.K. FTSE 100 Stock Index Falls, Led by Rio Tinto and International Power
22 (Bloomberg) -- U.K. stocks fell, led by Rio Tinto Plc and International Power Plc. The benchmark FTSE 100 Index lost 9.9, or 0.2 percent, to 5847.8 at 8:08 a.m. in London. The FTSE All-Share Index fell 4.23, or 0.1 percent, to 2979.73.

Anglo American Profit Advances to Record as Prices for Metals, Coal Rise
22 (Bloomberg) -- Anglo American Plc, the world's second-biggest mining company, said profit last year rose 0.6 percent to a record on higher prices for metals and coal. The company will return $1.5 billion to shareholders.

Anglo American posts 39% rise in ann
Log On Subscriber log on Introduction Download movie Movie for Mac Download viewer TodayZim steps aside at Anglo to pursue B...Anglo moves to sell down gold stake...Anglo American posts 39% rise in ann...Gold eases, bargain hunting to suppo...

Anglo American posts 39% rise in annual profit
Log On Subscriber log on Introduction Download movie Movie for Mac Download viewer TodayZim steps aside at Anglo to pursue B...Anglo moves to sell down gold stake...Anglo American posts 39% rise in ann...Gold eases, bargain hunting to suppo...

Mitsui Mining & Smelting Co., Ltd. And Clean Diesel Technologies Inc. Introduce Urea Quality Sensor Technology
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