Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.
Copper
Terrane Bites The Bullet And Delays Mt. Milligan
SITE VISIT SMITHERS, B. C. — As Robert Pease, the president and CEO of Terrane Metals (TRX-V, TRXOF-O), would later describe it, the timing of the site visit to the…
GlobeStar Undaunted By Copper’s Descent
SITE VISIT MAIMON, DOMINICAN REPUBLIC — A siren wails as GlobeStar Mining (GMI-T) chairman Larry Ciccarelli addresses a crowd of more than 200 people at the Cerro de Maimon open-pit…
Capstone Upgrades Kutcho Resource
VANCOUVER — Every little increase in grade helps at current copper prices.
Yamana Makes Headway In Mexico, Brazil
It was just four months ago that Yamana Gold (YRI-T, AUY-N) was trading in Toronto at the very bottom of its 52-week price range of $4.29-19.79 per share.
Abacus Tallies Growing Copper-Gold Resource At Ajax
VANCOUVER– It was an old box of forgotten data in the back of a mill building that changed everything for Abacus Mining & Exploration (AME-V, ABCFF-O). Now, three and a half years after finding t…
Tiger Finding High-Grade Copper In The DRC
VANCOUVER– The mineral wealth of the Democratic Republic of the Congo (DRC) is far from tapped, if Tiger Resources’ (TGS-T, TRSDF-O) copper discoveries in the African country are any indication.
Volta Defines Copper-Gold Resource In Burkina Faso
VANCOUVER — A few days after its joint-venture partner returned full ownership of the Gaoua coppergold property in Burkina Faso to Volta Resources (VTR-T, VLTAF-O), the junior announced a sizable ini…
Breakwater Resources struggles to stay above water
Breakwater Resources (BWR-T) posted a net loss of C$88.3 million or C$0.20 per share in 2008 compared with net earn…
Hawk Uranium terminates interest in joint venture with Noront
Disappointing exploration results in the “Ring of Fire” McFauld’s Lake area of northern Ontario have forced Hawk Ur…
Skyline proves positive economics for Bronson Slope
Vancouver – A preliminary economic assessment of Skyline Gold’s (SK-V) Bronson Slope gold-copper-silver project i…
Cash Call Emergency Threatens Minera Andes’ Survival
VANCOUVER — A few months ago, it seemed like Minera Andes (MAI-T, MNEAF-O) had it all: a 49% stake in a producing gold-silver mine, a massive copper deposit nearing development stage, and a pipeline …