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Sino Iron Project, Cape Preston, Australia |
| February 21, 2014 16:59 | |
| The Sino iron project will be the world's biggest magnetite iron ore mine when fully operational. The open-pit mine, located in Cape Preston, about 100km south-west of Karratha in the Pilbara region of Western Australia, will produce magnetite concentrate and pellets. The estimated lifespan of the mine is 25 years. CITIC Pacific Mining Management purchased the mining rights over the property from Mineralogy, a company owned by popular entrepreneur Clive Palmer, in 2006 and initiated... |
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Pan American Silver takes impairment charge on Dolores Mine, increases proven and probable reserves |
| February 21, 2014 16:55 | |
| Pan American Silver (TSX:PAA) posted a net loss of $293.1 million mostly due to an impairment charge on its Dolores Mine resulting from lower long-term metal prices and increased taxes in Mexico, but the company also announced an increase in proven and probable reserves. The company was up 4.07% to $14.59 a share. In its 2013 full year financial results the company said that "Dolores was primarily driven by lower long-term precious metals price assumptions of $22 per ounce of silver and... |
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Fourth quarter highlights were the following: |
| February 21, 2014 16:52 | |
| Full year gold production and costs were better than guidance. Produced 362,234 ounces of gold in the fourth quarter, including 348,130 ounces at Kumtor and 14,104 ounces at Boroo. Increased revenues to $468.9 million compared to $368.5 million in the same quarter of 2012. All-in sustaining costs per ounce sold were $433 in fourth quarter and $818 for the full year. All-in costs per ounce sold were $474 in the... |
Exchange Rate
Foreign shares
| New York Stock Exchange | ||
| Name | Closing | Changes |
| BHP Billiton Ivanhoe Mines |
90.53 23.3 |
1.44 0.00 |
| Australian Stock Exchange | ||
| Name | Closing | Changes |
| General Mining Corp Aspire Mining Limited |
0.145 0.52 |
0.00 -0.02 |
| London Stock Exchange | ||
| Name | Closing | Changes |
| Petro Matd Limited polo Resources Limited |
123.5 5.4 |
0.00 0.02 |
| Hong Kong Stock Exchange | ||
| Name | Closing | Changes |
| Mongolian Mining Corporation Mongolia Energy |
9.59 1.14 |
0.00 -0.06 |
| Toronto Stock Exchange | ||
Metal exchange rates
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Coal price data
Ord.mn Mongolian National Mining Information Portal
All rights reserved copyright © 2013
All rights reserved copyright © 2013
