Philex Mining Corp the biggest gold producer in the Philippines said in a disclosure to the Philippine Stock Exchange that the estimated value of the output of its Padcal Mine had risen by 80% for the month of January as compared to January 2010.
Swiss mining giant Xstrata has had a good year and its record production figures for last year support that claim. CEO Mick Davis is naturally pleased with the results, with increased production in coking coal, semi-soft coking coal, nickel and refined nickel leading the way. The company also saw increases in mined copper, lead in concentrate and ferrochrome.
Iluka Resources survived the global financial crisis on the basis of its mining royalties from BHP Billiton.
The coal mining industry in Australia is unlikely to return to full production any time soon with cyclones in North Queensland causing even more disruptions. The recent flooding in the state has resulted in the majority of coal mines operating at reduced capacity.
The rains in Australia and Brazil have played havoc with shipments for mining giant Vale with 600,000 tonnes of iron ore being delayed from Brazil and 500,000 tonnes of coal being delayed from Australia.
For Newmont Mining the preliminary results for output of gold and copper production in 2010 are higher than in 2009. The compnay produced 5.4 million ounces of gold and 327 million pounds of copper in 2010. While the gold produced was marginally more there was a 45% hike in the production of copper when compared to 2009 figures.
Chile's new tax regime, to deal with rebuilding after the massive earthquake in 2010, is being accepted by most major mining firms operating in the nation.
BHP Billiton said that its coal mining operations will be impacted due to the heavy rains and floods for the next six months. Production of coal is down to one third of the previous quarter.
The multinational mining giant Rio Tinto has seen record iron ore production in the last quarter of 2010. There was a 6% increase in the quarterly production in the final quarter of the year despite the troubles with Iron Ore Company of Canada.
Production in South Africa's mining sector has risen 9.6% in November on a yearly comparison. In October it had been revised to a 6.5% rise as per available statistics. This is indeed good news as the mining production was showing a negative annual growth rate at the end of May of -7.7%.
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