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Mar 14, 2013

Molycorp posts loss on writedown, to cut jobs

March 14 (Reuters) – Molycorp Inc said on Thursday
it planned to cut an unspecified number of jobs as it reported a
fourth-quarter loss and booked an impairment charge related to
its 2012 takeover of rare earth processer Neo Material
Technologies.

The miner, hit by lower rare earth prices and higher costs,
said it will take a goodwill impairment charge of $258.3 million
in the fourth quarter related to the $1.3 billion takeover.

Mar 8, 2013

Canada’s Goldcorp to stay focused on gold -CEO

March 8 (Reuters) – Goldcorp Inc, Canada’s
second-largest gold mining company, has no plans to diversify
away from gold into other metals and remains focused on
increasing its gold output, Chief Executive Chuck Jeannes said
on Friday.

Jeannes, speaking at an investor day in Boston, also said
Goldcorp has reviewed its plans in light of costs weighing on
the mining industry and remains focused on managing those costs
while increasing output.

Mar 8, 2013
Mar 8, 2013
Mar 7, 2013
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Mar 6, 2013
Mar 6, 2013
Mar 6, 2013

HudBay eyes prospects with majors on sidelines

TORONTO, March 6 (Reuters) – Most of the world’s top miners
are shying away from takeovers this year, clearing the way for
mid-tier producers like HudBay Minerals Inc to make
competitive bids for assets coming up for sale, the company’s
CEO told Reuters at a Toronto mining convention.

After being burned by costly deals made during the boom,
most major metals companies have pledged to rein in costs – with
some even looking to divest non-core assets.

Mar 5, 2013
    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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