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Jul 31, 2014
Updated 2 hours 24 minutes ago Yamana Gold reported higher-than-expected second-quarter earnings on Wednesday, helped by higher production and lower costs. Yamana CEO Peter Marrone said in a statement the miner would look at "strategic alternatives" for operations that are underperforming, as...
Jul 31, 2014
Updated 2 hours 28 minutes ago Canadian gold producer Agnico Eagle Mines reported a second-quarter profit on Wednesday compared with a loss a year earlier, as gold production jumped and costs improved. The miner boosted its gold production forecast for 2014 by 13%, to 1.35-million ounces, citing...
Jul 31, 2014
Updated 2 hours 31 minutes ago Canadian base metal miner First Quantum Minerals reported higher second-quarter earnings on Wednesday as copper sales increased, but the result was slightly below analysts' expectations.
Jul 31, 2014
Updated 2 hours 36 minutes ago Peruvian miner Buenaventura said on Wednesday that its net income jumped 22% to $0.09 a share in the second quarter from the same period in 2013 on stronger silver and copper sales. The $23.1-million result for the second quarter came in below the $49.85-million...
Jul 30, 2014
IT technician Mansour Diagne is one of the lucky few in Senegal to have a bank account, but when he needs to pay some bills or transfer cash to his sisters on the other side of the crowded capital Dakar, he reaches for his mobile phone. Fewer than 20% of adults in...
Jul 30, 2014
Container traffic through Kenya's biggest port grew by 12.8% in the first six months of the year after new cargo handling infrastructure was built to shorten the turnaround time for ships. The Indian Ocean port of Mombasa, the biggest in east Africa and the region's...
Jul 30, 2014
Tullow Oil drifted into the red after writing off more than $400-million in exploration costs but the Africa-focused explorer remained confident that its strategy will pay off. A disappointing run of oil wells exploration in Mauritania, Ethiopia and Norway over the...
Jul 30, 2014
Lower zinc production and a decline in Zambian copper output weighed on Vedanta Resources Plc's core quarterly earnings, sending the miner's shares down more than 3 %. Vedanta, controlled by one-time scrap metal dealer Anil Agarwal, ground out a marginal increase in...
Jul 30, 2014
The Obama administration on Tuesday pushed for Congress to renew a 14-year-old trade programme giving African countries duty-free access to US markets, warning that allowing the programme to expire would disrupt trade flows between the two regions. US Trade...
Jul 30, 2014
Southern Copper Corp's net income fell 9.5% in the second quarter from the same period a year earlier because of rising costs, the global miner said in a statement on Tuesday. The company's reported net income of $337.3-million, or $0.40 a share, in the second...
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