IAMGOLD Corporation (“IAMGOLD” or the “Company”) today reported the end of a minor labour disruption at its Essakane Mine in Burkina Faso , which began when a small number of employees walked off the job illegally earlier in the week. Gold production at the plant was not materially affected and the Company maintains its production guidance [...]
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Great Basin Gold Ltd, (“Great Basin” or the “Company”), today provided an operational update for its Burnstone Mine in South Africa . The purpose is to provide an update on operational progress, mainly in development activities and the establishment of stoping blocks available for mining at Burnstone. First 2 months of quarter % Variance Q3 2011 [...]
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Fortuna Silver Mines Inc. is pleased to announce that it has been added to the S&P/TSX Composite, effective at the market open on Monday, December 19, 2011. The Company joins Canada’s other leading silver producers on the 255-company index, which represents the largest businesses on the Toronto Stock Exchange. “Fortuna’s addition to the S&P/TSX [...]
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Lihua International, Inc. (“Lihua” or the “Company”), a leading Chinese developer, designer, and manufacturer of low cost, high quality alternatives to pure copper products, including refined copper products and superfine and magnet wire, as well as copper clad aluminum (“CCA”) wire, today announced that Ms. Daphne Yan Huang has been named Chief Financial Officer, effective [...]
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Freeport-McMoRan Copper & Gold Inc. reported today that PT Freeport Indonesia (PT-FI) has reached terms with union officials to be incorporated in a two year extension of its Collective Labor Agreement. The labor strike, which commenced on September 15, 2011, has ended and workers will begin reporting to their positions in the coming days. Pursuant [...]
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Alcoa Foundation announced today that it is making a $200,000 grant to The Manufacturing Institute in honor of Helmut Wieser, who is retiring as President, Alcoa Global Rolled Products (GRP) in February 2012. Alcoa’s donation will help to deploy the National Association of Manufacturers (NAM)-Endorsed Manufacturing Skills Certification System at community colleges in California, Indiana, [...]
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Aluminum stocks have been hammered in recent months as a weak outlook for the global economy has weighed on prices. Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, “creating a scenario in which global production may suffer in the months ahead if prices do not recover.” [...]
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Richmont Mines Inc. (“Richmont” or the “Corporation”) is pleased to announce an updated resource base calculation for its Wasamac gold property (the “Property”), located 15 km west of Rouyn-Noranda, Quebec, in the heart of the Abitibi gold mining district. Martin Rivard, President and CEO, commented: “We are very pleased with the progress that has been [...]
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Newmont Mining Corporation of Canada Limited (the “Company”) a subsidiary of Newmont Mining Corporation (“Newmont”), today announced that the completion of the previously announced reorganization involving the Company and certain of its affiliates. Pursuant to the reorganization, former holders of exchangeable shares of Newmont FN Canada Holdings Limited (formerly Newmont Mining Corporation of Canada Limited) [...]
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