Bear Market


After Rio: BHP’s Kloppers can now focus on fallout from metals markets collapse

November 30, 2008 by admin · Leave a Comment 

Now that the collapsed metal markets have led to BHP Billiton dropping its bid for Rio Tinto, CEO Marius Kloppers can bring his strong organisational skills to bear on new forward drive.

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Copper/cobalt miner Metorex enrages retail investors

November 29, 2008 by admin · Leave a Comment 

Stock price plunges nearly 40% on news of troubled operations in Katanga Province, DRC, where mining generally is grinding down by the day.

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Anglo Platinum heading for tough time

November 29, 2008 by admin · Leave a Comment 

RBC Capital says Anglo Platinum is heading for a difficult time even if the company makes expected production cuts.

Russia boosts gold output after years of decline

November 29, 2008 by admin · Leave a Comment 

Russia has boosted its gold output for the first 10 months of 2008 by 9.8% when compared to the same period last year.

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UC RUSAL pulls a fast one on Norilsk Nickel

November 29, 2008 by admin · Leave a Comment 

Norilsk’s second biggest shareholder, UC RUSAL, has announced it is nominating former Norilsk co-owner Mikhail Prokhorov to the Norilsk board – a move that may well not go unchallenged.

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China looks at buying ‘cheap’ base metals as strategic reserve

November 29, 2008 by admin · Leave a Comment 

Reports suggest China is considering buying perhaps $3-$4 bn worth of base metals on the open market as state and commercial reserves to help boost economy.

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Free Mining Finance Masterclass in London

November 29, 2008 by admin · Leave a Comment 

MinSouth and the Association of Mining Analysts, both based in London, are running a series of free Masterclasses on aspects of the industry for professionals working in the sector. The next looks at Mining Finance and will be held in London on December 8th.

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Crystallex cites treaty breach in dispute letter filed over Las Cristinas gold mine

November 29, 2008 by admin · Leave a Comment 

Crystallex says a decision to deny it a mining permit combined with media reports that Venezuela plans to push Crystallex off the Las Cristinas project, constitute a dispute under an investment treaty between Canada and Venezuela.

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South African gold production continues to plunge

November 29, 2008 by admin · Leave a Comment 

South Africa’s 3Q gold output fell 16.2 percent in the third quarter compared with 3Q 2007 as the world’s former top gold producer begins to move down the production ladder.

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Platinum miner Lonmin planning 4,000 job cuts

November 29, 2008 by admin · Leave a Comment 

Lonmin is planning to cut 4,000 jobs at its platinum mines to reduce costs, according to Solidarity trade union.

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