Sunday, August 14, 2016

Corus set to cut 3 500 jobs

January 26, 2009 by · Leave a Comment 

British steelworkers union Community said it was meeting with Corus following a report that the Anglo-Dutch group will respond to falling steel demand by cutting 3,500 jobs, including 2,500 in the UK.

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ArcelorMittal to cut Kazakh unit output

January 26, 2009 by · Leave a Comment 

ArcelorMittal pans to cut liquid steel output at its Kazakh unit to 3.167 million tonnes this year from 3.431 million tonnes in 2008.

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Zambia’s largest copper miner moves to 3Q loss

January 26, 2009 by · Leave a Comment 

Vedanta’s KCM Zambian copper mining subsidiary reports sharply lower 3Q earnings.

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Ferro Metals warns on year profit

January 26, 2009 by · Leave a Comment 

International Ferro Metals said It does not expect to report a first half pretax profit due to a sharp fall in ferrochrome prices and sees its full-year profit “materially below” market expectations.

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House Resources Committee seeks to resurrect Grand Canyon mining ban

January 26, 2009 by · Leave a Comment 

Is uranium mining compatible with the Grand Canyon? Members of the House Natural Resources Committee again say, “No.”

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Gold price competition ends this week

January 26, 2009 by · Leave a Comment 

Readers are invited to pit their forecasting powers against that of their peers, and against the experts, in thi year’s Gold Price competition, which close for entries this week.

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Forecasting the gold price – expert panel predicts $1074 high, Mineweb readers $1305

January 26, 2009 by · Leave a Comment 

There are a number of positive factors around which may move the gold price to new heights again the current year and forecasts from experts and non-experts alike seem to be pointing in this direction.

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BHP Billiton rumored to have withdrawn Tavan Tolgoi bid

January 26, 2009 by · Leave a Comment 

The financially strapped Mongolia Government has reportedly lost the world’s biggest miner as a potential bidder for the world’s biggest undeveloped coal deposit.

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BHP Billiton rumored to have withdrawn Tavan Togloi bid

January 26, 2009 by · Leave a Comment 

The financially strapped Mongolia Government has reportedly lost the world’s biggest miner as a potential bidder for the world’s biggest undeveloped coal deposit.

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IFM unlikely to post profit in H2 as ferrochrome prices slump

January 26, 2009 by · Leave a Comment 

Ferrochrome producer International Ferro Metals (IFM) on Monday stated that the company was unlikely to report a profit for the six months ended December 2008, as the price for ferrochrome plunged.

The London-listed company said it had experienced a rapid deterioration of the conventional industry wide ferrochrome pricing mechanism, which led to contract renegotiations and retrospective downward price negotiations.

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