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.
Zinc-Lead
Ivernia To Resume Lead Shipments After Bird Deaths
Having established a safe shipping method, the government of Western Australia has approved a plan by Ivernia (IVW-T, IVWFF-O) to resume the shipment of stockpiled lead concentrate from the port of Es…
Arehada extends loan payments with Chinese bank
Arehada Mining (AHD-T) is getting ready to resume operations by mid-March at its zinc-lead-silver underground mine …
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…
Aquiline advances giant Navidad
Gastre, Argentina – There are surely very few places where one can stand atop a deposit holding resources of 450-60…
Lydian gets investment from European Bank of Reconstruction; IFC
The European Bank of Reconstruction and Development will invest C$1.6 million to finance Lydian International’s (LY…
Nagging court case settled for Farallon
Farallon Resources (FAN-T) is generating positive news despite being a base metal producer in a slumping metals m…
Gold Hawk Restructures Debt
Gold Hawk Resources (CGK-V, CGHRF-O) has restructured its debt in the nick of time.
China Inc. steps up foreign acquisitions; bids for Oz Minerals
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hi…
Fortuna Silver Production On The Rise
After increasing silver production by 85% in 2008, Fortuna Silver Mines (FVI-V, FVITF-O) is planning to keep the trend going with an 80% rise this year.
Hecla Restructures Debt, Raises US$65.6M
Hecla Mining (HL-N) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek silver mine, near Juneau in…
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…