HOME > REGIONS > USA

USA

$142 M DEBT

Debt ridden High River Gold seeks additional funds

Monday , 05 Jan 2009
Canadian headquartered Russian mine operator, High River Gold Mines, now controlled by Russia's Severstal, is looking for additional funds to meet its obligations.

LUNDIN PURCHASE CRITICISM

Hudbay shareholders to vote on board removal proposal

Monday , 05 Jan 2009
Canadian miner Hudbay Minerals' shareholders will be given a vote to express confidence in the Board, or its removal, over the company's proposal to purchase fellow base metals miner, Lundin Mining.

BREATHING SPACE

Silver miner Hecla reschedules debt but on more demanding terms

Thursday , 01 Jan 2009
Top silver miner Hecla has agreed with its banks to reschedule the repayment tems on its existing credit facilities by six weeks, but on less favourable terms.

HISTORY OF MISSED PRODUCTION TARGETS

An U.S. auto industry teetering on bankruptcy hits Stillwater Mining hard

Wednesday , 24 Dec 2008
S&P has downgraded its rating for Stillwater Mining to B- on its exposure to a very weak US auto industry, high cost profile and volatile pgm prices.

14 WVA MINE FATALITIES IN 2 WEEKS

Massey subsidiary agrees to $4.2m in fines stemming from Aracoma Alma coal mine deaths

Wednesday , 24 Dec 2008
The deaths of two Massey Energy coal miners helped focus the media spotlight on West Virginia coal fatalities in January 2006, resulting in meaningful change for U.S. mine safety enforcement.

OPTIMISTIC ON GOLD

Franco-Nevada to acquire Gold Quarry NSR for $103.5 million

Tuesday , 23 Dec 2008
Franco-Nevada has agreed to aquire a 7.29 percent net smelter returns royalty interest in the Gold Quarry Royalty Property.

WORLD NO 1 AGAIN

Alcoa takes on Elkem aluminum business in swap with Orkla

Tuesday , 23 Dec 2008
Aluminum giant Alcoa is to take over Elkem's aluminum smelting business in a swap deal which will make it world's No. 1 aluminum producer again.

SMALL-CAP OVERVIEW & 2009 WATCH LIST

Canaccord Adams: The worst for junior mining ‘is likely behind us'

Tuesday , 23 Dec 2008
Canaccord Adams metals analysts suggest that it may be time to accumulate small cap/mining exploration stocks that offer good value.

SPOT URANIUM TO REBOUND TO $70/LB

Dollar weakness and US deficit will underpin gold price. Potash, oil and uranium also positive - Scotiabank

Tuesday , 23 Dec 2008
Scotiabank economist Patricia Mohr forecasts that commodity prices will decline further this month, but also suggests a number of commodities should outperform.

OMINOUS SIGN

Caterpillar cutting exec pay up to 50 percent as earnings likely to fall

Monday , 22 Dec 2008
Top mining and construction equipment manufacturer Caterpillar is to cut executive and management pay and offer employee buyouts as it looks to cut costs.

$2.2M YEARLY REDUCTION

Uranium Resources slashes budget, salaries to sustain operation through 2010

Monday , 22 Dec 2008
To save enough funds to operate through 2010, Texas ISR uranium miner Uranium Resources has eliminated executive positions, closed offices, and reduce exploration budgets'

WOULD CAPTURE 95% OF COAL EMISSIONS

Kentucky coal gasification project may power U.S. clean coal market opportunity

Monday , 22 Dec 2008
A joint venture of ConocoPhillips and Peabody Energy aims at developing new carbon capture and storage technologies that could pave the way for a new clean coal technology power market in the United States.

$2.25B FOREX SURPLUS CREDIT FUND SOUGHT

Israel's Central Bank asked to ease nation's diamond sector credit crunch

Friday , 19 Dec 2008
The Israel Diamond Manufacturers Association is asking the country's central bank to intervene in credit terms being offered to diamantaries during the global credit crisis.

COPPER HAS BEST MARKET CONDITIONS

As S&P lowers near-term metals prices, gold base-case price stands pat

Friday , 19 Dec 2008
Citing weakening demand, Standard & Poor's has lowered its near-term base-case metals prices.

MEANINGFUL DISPOSALS, REFINANCING NEEDED

Rio Tinto's ‘substantial' debt burden, market downturn lower S&P credit rating

Friday , 19 Dec 2008
Standard & Poor's predicts Rio Tinto will face continued weak credit metrics and refinancing risks next year.

LAGGING ON WAY UP AND WAY DOWN

Major mining equipment manufacturers downgraded by JP Morgan

Thursday , 18 Dec 2008
JP Morgan Securities has downgraded expectations for two of North America's top minng equipment manufacturers, Joy Global and Bucyrus International in line with the fall in mined commodities prices.

DROP IN PRICES AND ASSET VALUES

S&P downgrades Glencore, which may buy-back some debt

Thursday , 18 Dec 2008
Glencore is considering buying back some of its bonds to increase confidence in the company's creditworthiness after S&P downgraded the commodities trader to the lowest investment grade level.

EXPROPRIATION TIME AGAIN FOR CHAVEZ?

News reports claim Venezuela will withdraw Las Cristinas, Las Brisas gold concessions

Thursday , 18 Dec 2008
More of the political intrigue and gamesmanship, courtesy of the Venezuelan government, are continuing in the Las Cristinas and Las Brisas saga.

EXPERTISE IN WESTERN MINING REGULATION

Obama to nominate Colorado Senator Salazar as U.S. Interior Secretary

Wednesday , 17 Dec 2008
With the anticipated nomination today of Colorado Senator Ken Salazar as U.S. Secretary of the Interior, President-elect Obama's Green Team is complete. However, Salazar is not considered to be anti-mining.

POSSIBLE ENDEAVOUR FINANCIAL CONFLICT?

Gold Reserve seeks injunction to stop Rusoro takeover

Wednesday , 17 Dec 2008
Gold Reserve is seeking a court injunction, significant monetary damages and other items from would-be acquirer Rusoro Mining.

LIGHT ON COPPER'S HORIZON

BMO copper outlook-‘It's always darkest before the dawn'

Wednesday , 17 Dec 2008
BMO says "virtually no unfunded project will begin in the next two years, owing to low prices and tight credit markets" while only a few fully-funded copper projects will meet their timetables.

PANANTZA-SAN CARLOS PROJECT

Corriente stock surges on takeover talk as majors eye Ecuadorian copper

Wednesday , 17 Dec 2008
Xstrata and Tongling are in the frame to pick up huge Ecuadorian copper/moly project as Corriente says in talks on sale.

ETFS STRONG

Gold leaps $20 after U.S. Fed cuts interest rates to near zero

Tuesday , 16 Dec 2008
The gold price rises above $850 after Fed cuts rates to zero to 0.25 percent while Euro jumps to $1.41 against dollar, boosting bullion and U.S. stocks jump.

$17B DEBT MEANS WEAKER LEVERAGE

S&P downgrades Xstrata credit ratings, citing debt, cash-flow concerns

Tuesday , 16 Dec 2008
Standard & Poor's has urged Xstrata to cut back on its acquisitions, capital expenditures, and close more production capacity.

WILL ‘CLOSELY MONITOR’ CAPEX

Despite ‘exceptional’ credit metrics, S&P worries about BHP’s liquidity buffer

Monday , 15 Dec 2008
The outlook on BHP Billiton has been revised to stable from negative after Standard & Poor’s review of management's strategic direction following the abandonment of its all-share takeover offer for Rio Tinto.

FULLY WIRELESS COMMUNICATION NOT NOW AVAILABLE

MSHA issues guidance for tracking systems, fully wireless communication alternatives

Monday , 15 Dec 2008
MSHA officials have published federal guidance for post-accident two-way mine communications and electronic tracking requirements mandated under the MINER Act.

MCARTHUR TO RETIRE AT YEAR END

Nevadan Chuck Jeannes named as new Goldcorp CEO

Friday , 12 Dec 2008
Goldcorp Executive Vice President Chuck Jeannes has been named the successor to current President and CEO Kevin McArthur who is retiring.

No results page specified. Please configure

USA